239 Scenic Hwy NEPenningtonMN56663
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 239 Scenic Hwy NE, Pennington, MN, 56663 in Pennington speaks for itself: 21.15% gross on a $115,000 price, generating $2,027/mo in rent and $1,309/mo in net income after the $517/mo debt service. DSCR 3.92, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $15,704 stacks alongside $31,772 in projected five-year appreciation and $1,059/yr in principal reduction. Projected total cumulative return: $127,871.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.2% | 6.5% |
| Monthly Cash Flow | $1,309 | $450 |
City averages based on Pennington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,027 |
| Total Monthly Debt Service | $672 |
| DSCR Ratio | 3.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
8.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56663, Pennington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 304 (100%) |
| Owner Occupied HU | 136 (44.7%) |
| Renter Occupied HU | 18 ( 5.9%) |
| Vacant Housing Units | 150 (49.3%) |
| Median Home Value | $264,706 |
| Average Home Value | $360,000 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
4
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
Single Family
Built in 1948
8.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56663, Pennington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 304 (100%) |
| Owner Occupied HU | 136 (44.7%) |
| Renter Occupied HU | 18 ( 5.9%) |
| Vacant Housing Units | 150 (49.3%) |
| Median Home Value | $264,706 |
| Average Home Value | $360,000 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices