411 1st St NHoffmanMN56339
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
Investment Highlights
Investment property for sale in Hoffman at 411 1st St N, Hoffman, MN, 56339 listed at $210,000 pairs $1,632/mo rent with a $1,028/mo payment to leave $321/mo cash flow. Total monthly income runs $1,632/mo, and annual cash flow reaches $3,846/yr on $69,615 cash to close. Return on cash invested measures 25.43% in year one, and rental yield registers 9.33% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 132.56% and total cumulative return in cash totals $92,284. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,632/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.27 Acres 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: #6751229
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