35738 Spang RdHill CityMN55748
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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 Hill City at 35738 Spang Rd, Hill City, MN, 55748 uses $82,544 cash to close to unlock $9,370/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $2,336/mo, and a $1,219/mo payment keeps the spread at $781/mo. Purchase price stands at $249,000, and rental yield measures 11.26% with $2,336/mo rent. Return on cash invested shows 31.26% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 163.79% and total cumulative return in cash records $135,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,336/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1975
40.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55748, Hill City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 455 (49.1%) |
| Renter Occupied HU | 163 (17.6%) |
| Vacant Housing Units | 309 (33.3%) |
| Median Home Value | $264,623 |
| Average Home Value | $319,813 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
435
Multi-Family
46
Businesses
41
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