38687 County Road 5Heron LakeMN56137
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Heron Lake rentals match the income profile of 38687 County Road 5, Heron Lake, MN, 56137. Listed at $210,000, gross rent is $1,824/mo and net cash flow is $513/mo, a 10.42% yield well above national averages. DSCR 1.93 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $58,019 by year five with $1,934/yr in annual principal reduction, projecting $112,711 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 8.5% |
| Monthly Cash Flow | $513 | $350 |
City averages based on Heron Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,824 |
| Total Monthly Debt Service | $1,228 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1936
6.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56137, Heron Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 382 (78.3%) |
| Renter Occupied HU | 58 (11.9%) |
| Vacant Housing Units | 48 ( 9.8%) |
| Median Home Value | $172,596 |
| Average Home Value | $223,096 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
323
Multi-Family
27
Businesses
25
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
Single Family
Built in 1936
6.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56137, Heron Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 382 (78.3%) |
| Renter Occupied HU | 58 (11.9%) |
| Vacant Housing Units | 48 ( 9.8%) |
| Median Home Value | $172,596 |
| Average Home Value | $223,096 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
323
Multi-Family
27
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Renee Sieve • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7024406