313 Emmy LnHanoverMN55341
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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 Hanover at 313 Emmy Ln, Hanover, MN, 55341 priced at $449,900 converts $3,102/mo rent into $293/mo cash flow after a $2,202/mo obligation. Total monthly income equals $3,102/mo, and annual cash flow totals $3,512/yr on $149,142 invested. Return on cash invested prints 22.26% in year one, and rental yield reads 8.27% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 115.55% and total cumulative return in cash sums $172,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,102/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 2026
7,666 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55341, Hanover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 1,273 (91.5%) |
| Renter Occupied HU | 101 ( 7.3%) |
| Vacant Housing Units | 18 ( 1.3%) |
| Median Home Value | $441,304 |
| Average Home Value | $476,416 |
Housing Distribution
Address Breakdown
Residential
1,271
Single Family
1,267
Multi-Family
4
Businesses
78
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