3042 Butternut DrHamelMN55340
Nearby investment properties with comparable rents
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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 Hamel at 3042 Butternut Dr, Hamel, MN, 55340 priced at $989,900 converts $5,647/mo rent into after a $4,845/mo obligation. Total monthly income equals $5,647/mo. Return on cash invested prints 17.59% in year one, and rental yield reads 6.85% against a $989,900 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation compiles into $273,491 by year five. Five-year ROI reaches 90.65% and total cumulative return in cash sums $295,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,647/mo property income covering a $4,845/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.28 Acres lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55340, Hamel, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 3,632 (91.0%) |
| Renter Occupied HU | 220 ( 5.5%) |
| Vacant Housing Units | 138 ( 3.5%) |
| Median Home Value | $666,667 |
| Average Home Value | $725,686 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,665
Multi-Family
166
Businesses
326
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Nearby investment properties with comparable prices
Listed by: Nevin R Raghuveer • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6673148
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