316 E Main StHayfieldMN55940
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 316 E Main St, Hayfield, MN, 55940 in Hayfield worth study. Rental yield 5.24%. The 5.24% gross yield is below cash-flow benchmarks at $185,000, but 5% annual appreciation, adding $51,112 over five years, frames this as a capital growth position. Rent of $808/mo partially offsets the $832/mo payment. Ziffy Mortgage finances appreciation-play properties (0.97 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $47,885.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 7.0% |
| Monthly Cash Flow | $(348) | $400 |
City averages based on Hayfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $808 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
6,534 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
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
Single Family
Built in 1930
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices