308 Lois AveHermanMN56248
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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 Herman at 308 Lois Ave, Herman, MN, 56248 uses $51,383 cash to close to unlock $2,997/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,218/mo, and a $759/mo payment keeps the spread at $250/mo. Purchase price stands at $155,000, and rental yield measures 9.43% with $1,218/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 134.22% and total cumulative return in cash records $68,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,218/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56248, Herman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 260 (66.7%) |
| Renter Occupied HU | 62 (15.9%) |
| Vacant Housing Units | 68 (17.4%) |
| Median Home Value | $259,434 |
| Average Home Value | $337,221 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
194
Multi-Family
29
Businesses
37
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