406 1st St SHoffmanMN56339
Nearby investment properties with comparable rents
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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 Hoffman at 406 1st St S, Hoffman, MN, 56339 generates $859/mo in rent and, after a $538/mo payment, leaves $173/mo in cash flow. Total monthly income is $859/mo, and annual cash flow is $2,072/yr on $36,432 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 9.38% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 133.44% and total cumulative return in cash sums $48,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $859/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56339, Hoffman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 315 (58.3%) |
| Renter Occupied HU | 101 (18.7%) |
| Vacant Housing Units | 124 (23.0%) |
| Median Home Value | $211,184 |
| Average Home Value | $291,730 |
Housing Distribution
Address Breakdown
Residential
379
Single Family
330
Multi-Family
49
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Kristine Telkamp • Counselor Realty Inc of Alex
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6734558
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