22088 380th AveHillmanMN56338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Hillman at 22088 380th Ave, Hillman, MN, 56338 generates $1,374/mo in rent and, after a $734/mo payment, leaves $438/mo in cash flow. Total monthly income is $1,374/mo, and annual cash flow is $5,250/yr on $49,725 invested. Return on cash invested sits at 30.47% in year one, and rental yield is 10.99% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 159.58% and total cumulative return in cash sums $79,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56338, Hillman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,146 (100%) |
| Owner Occupied HU | 696 (60.7%) |
| Renter Occupied HU | 59 ( 5.1%) |
| Vacant Housing Units | 391 (34.1%) |
| Median Home Value | $321,429 |
| Average Home Value | $369,088 |
Housing Distribution
Address Breakdown
Residential
876
Single Family
876
Multi-Family
0
Businesses
24
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Nearby investment properties with comparable prices
Listed by: Dong Xiong • Golden Homes Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6724232
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