451 2nd St EHectorMN55342
INVESTMENT ANALYSIS
Investment Verdict
Solid Income451 2nd St E, Hector, MN, 55342 in Hector earns a respectable 9.1% gross yield at $119,900, but after the $539/mo mortgage the net cash flow is $160/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.69) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $33,126 over five years, making equity the dominant return driver. Total projected return: $55,872.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $160 | $350 |
City averages based on Hector market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $909 |
| Total Monthly Debt Service | $701 |
| DSCR Ratio | 1.30x |
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 1908
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55342, Hector, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 637 (69.6%) |
| Renter Occupied HU | 142 (15.5%) |
| Vacant Housing Units | 136 (14.9%) |
| Median Home Value | $174,094 |
| Average Home Value | $224,117 |
Housing Distribution
Address Breakdown
Residential
645
Single Family
607
Multi-Family
38
Businesses
58
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 1908
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55342, Hector, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 637 (69.6%) |
| Renter Occupied HU | 142 (15.5%) |
| Vacant Housing Units | 136 (14.9%) |
| Median Home Value | $174,094 |
| Average Home Value | $224,117 |
Housing Distribution
Address Breakdown
Residential
645
Single Family
607
Multi-Family
38
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices