37106 Hackberry Point RdRichvilleMN56576
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.63% gross rental yield, 37106 Hackberry Point Rd, Richville, MN, 56576 in Richville is priced for capital growth, not immediate cash flow. The $599,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $165,493 by year five, with $5,517/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.49) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $71,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.6% | 6.5% |
| Monthly Cash Flow | $(2,429) | $1,200 |
City averages based on Richville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,312 |
| Total Monthly Debt Service | $3,502 |
| DSCR Ratio | 0.37x |
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.
Manufactured
Built in 2004
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56576, Richville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 359 (36.5%) |
| Renter Occupied HU | 52 ( 5.3%) |
| Vacant Housing Units | 572 (58.2%) |
| Median Home Value | $416,154 |
| Average Home Value | $465,982 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
14
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
Manufactured
Built in 2004
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56576, Richville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 359 (36.5%) |
| Renter Occupied HU | 52 ( 5.3%) |
| Vacant Housing Units | 572 (58.2%) |
| Median Home Value | $416,154 |
| Average Home Value | $465,982 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices