22957 N Platte Lake RdHillmanMN56338
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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
Investment property for sale in Hillman at 22957 N Platte Lake Rd, Hillman, MN, 56338 earns from $1,627/mo rent with a $1,908/mo payment. Total monthly income totals $1,627/mo. ROI tracks 12.41% on current figures, and rental yield reads 5.01% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 62.72% and total cumulative return in cash sums $81,073. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,627/mo property income instead of your personal income.
Single Family
Built in 1950
10,018 sqft 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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