38138 Hocking RdBigforkMN56628
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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 Bigfork at 38138 Hocking Rd, Bigfork, MN, 56628 uses $79,229 cash to close to unlock $2,116/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,170/mo payment keeps the spread at $176/mo. Purchase price stands at $239,000, and rental yield measures 8.38% with $1,669/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 117.26% and total cumulative return in cash records $92,904. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1953
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56628, Bigfork, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,530 (100%) |
| Owner Occupied HU | 653 (42.7%) |
| Renter Occupied HU | 122 ( 8.0%) |
| Vacant Housing Units | 755 (49.3%) |
| Median Home Value | $311,905 |
| Average Home Value | $356,022 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
811
Multi-Family
36
Businesses
47
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