23304 State Highway 29HenningMN56551
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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
Rental property for sale in Henning at 23304 State Highway 29, Henning, MN, 56551 generates $0/mo in rent, after a $1,835/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.69% in year one, and rental yield is 0% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
4.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56551, Henning, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,543 (100%) |
| Owner Occupied HU | 823 (53.3%) |
| Renter Occupied HU | 213 (13.8%) |
| Vacant Housing Units | 507 (32.9%) |
| Median Home Value | $377,928 |
| Average Home Value | $410,434 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
858
Multi-Family
91
Businesses
70
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices