460 1st StHazel RunMN56241
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
Rental property for sale in Hazel Run at 460 1st St, Hazel Run, MN, 56241 priced at $123,675 converts $2,515/mo rent into $1,743/mo cash flow after a $605/mo obligation. Total monthly income equals $2,515/mo, and annual cash flow totals $20,916/yr on $40,998 invested. Return on cash invested prints 70.93% in year one, and rental yield reads 24.4% against a $123,675 entry. Equity gained on principal adds $798/yr, while 5% annual appreciation compiles into $34,169 by year five. Five-year ROI reaches 376.6% and total cumulative return in cash sums $154,401. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,515/mo property income covering a $605/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56241, Granite Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,873 (100%) |
| Owner Occupied HU | 1,248 (66.6%) |
| Renter Occupied HU | 435 (23.2%) |
| Vacant Housing Units | 190 (10.1%) |
| Median Home Value | $208,222 |
| Average Home Value | $238,227 |
Housing Distribution
Address Breakdown
Residential
1,750
Single Family
1,508
Multi-Family
242
Businesses
195
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Nearby investment properties with comparable prices
Listed by: Sandra J Russen • Fazendin REALTORS
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6545949
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