24500 130th St NEHawickMN56273
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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 Hawick at 24500 130th St NE, Hawick, MN, 56273 generates $2,108/mo in rent, after a $8,627/mo payment. Total monthly income is $2,108/mo. Return on cash invested sits at 1.67% in year one, and rental yield is 1.44% on a $1,762,500 entry. Equity gained on principal adds $11,373/yr, while 5% annual appreciation builds toward $486,946 over five years. Five-year ROI reaches 5.02% and total cumulative return in cash sums $28,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,108/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices