347 Riverview CirHanoverMN55341
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
Investment Highlights
Rental property for sale in Hanover at 347 Riverview Cir, Hanover, MN, 55341 offers $3,175/mo rent that, after a $2,280/mo payment, leaves $266/mo cash flow. Total monthly income is $3,175/mo, and annual cash flow is $3,192/yr on $154,446 cash. Return on cash invested measures 21.98% in year one, and rental yield stands at 8.18% at a $465,900 entry. Equity gained on principal adds $3,006/yr while 5% annual appreciation compounds into $128,720 by year five. Five-year ROI records 114.02% and total cumulative return in cash reaches $176,094. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,175/mo property income versus a $2,280/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.60 Acres 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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