302 De Vries Ave SHollandaleMN56045
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 Hollandale at 302 De Vries Ave S, Hollandale, MN, 56045 generates $2,674/mo in rent and, after a $1,664/mo payment, leaves $521/mo in cash flow. Total monthly income is $2,674/mo, and annual cash flow is $6,246/yr on $112,677 invested. Return on cash invested sits at 25.45% in year one, and rental yield is 9.44% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 132.77% and total cumulative return in cash sums $149,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,674/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
1.27 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56045, Hollandale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 322 (81.9%) |
| Renter Occupied HU | 54 (13.7%) |
| Vacant Housing Units | 17 ( 4.3%) |
| Median Home Value | $275,926 |
| Average Home Value | $312,880 |
Housing Distribution
Address Breakdown
Residential
242
Single Family
232
Multi-Family
10
Businesses
22
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Nearby investment properties with comparable prices
Listed by: Lonnie D. Skalicky • Sterling Real Estate
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6580695
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