353 Rice St NHendrumMN56550
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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 Hendrum at 353 Rice St N, Hendrum, MN, 56550 priced at $175,000 pairs $0/mo rent with after a $857/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.71% in year one, and rental yield stands at 0% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1914
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56550, Hendrum, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 199 (100%) |
| Owner Occupied HU | 137 (68.8%) |
| Renter Occupied HU | 28 (14.1%) |
| Vacant Housing Units | 34 (17.1%) |
| Median Home Value | $184,722 |
| Average Home Value | $245,438 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Todd Randall • RE/MAX Realty 1
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6746657
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