420 N Main StHewittMN56453
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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 Hewitt at 420 N Main St, Hewitt, MN, 56453 priced at $119,900 converts $1,375/mo rent into $626/mo cash flow after a $587/mo obligation. Total monthly income equals $1,375/mo, and annual cash flow totals $7,514/yr on $39,747 invested. Return on cash invested prints 38.81% in year one, and rental yield reads 13.76% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 204.39% and total cumulative return in cash sums $81,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,375/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6613597
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