3793 Elynwood RdHibbingMN55746
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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 Hibbing at 3793 Elynwood Rd, Hibbing, MN, 55746 priced at $159,900 converts $1,332/mo rent into $333/mo cash flow after a $783/mo obligation. Total monthly income equals $1,332/mo, and annual cash flow totals $3,998/yr on $53,007 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 10% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 143.47% and total cumulative return in cash sums $76,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,332/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1955
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55746, Hibbing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,961 (100%) |
| Owner Occupied HU | 5,525 (61.7%) |
| Renter Occupied HU | 2,367 (26.4%) |
| Vacant Housing Units | 1,069 (11.9%) |
| Median Home Value | $169,966 |
| Average Home Value | $254,265 |
Housing Distribution
Address Breakdown
Residential
8,201
Single Family
7,060
Multi-Family
1,141
Businesses
720
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