308 1st St NEHayfieldMN55940
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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
Investment property for sale in Hayfield at 308 1st St NE, Hayfield, MN, 55940 offers a 11.32% rental yield on a $235,000 purchase with $2,216/mo rent. Total monthly income registers $2,216/mo, and a $1,150/mo payment leaves $749/mo available for distribution. Annual cash flow reaches $8,985/yr on $77,903 to close, and return on cash invested stands at 31.44% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 164.78% and total cumulative return in cash at $128,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,216/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55940, Hayfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 867 (75.7%) |
| Renter Occupied HU | 193 (16.9%) |
| Vacant Housing Units | 85 ( 7.4%) |
| Median Home Value | $293,627 |
| Average Home Value | $357,232 |
Housing Distribution
Address Breakdown
Residential
879
Single Family
801
Multi-Family
78
Businesses
67
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