471 Frederick Cir UNIT 1503HastingsMN55033
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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
Investment property for sale in Hastings at 471 Frederick Cir UNIT 1503, Hastings, MN, 55033 offers a 8.43% rental yield on a $239,900 purchase with $1,685/mo rent. Total monthly income registers $1,685/mo, and a $1,174/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,246/yr on $79,527 to close, and return on cash invested stands at 22.73% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 118.11% and total cumulative return in cash at $93,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,685/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55033, Hastings, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,556 (100%) |
| Owner Occupied HU | 9,207 (73.3%) |
| Renter Occupied HU | 2,909 (23.2%) |
| Vacant Housing Units | 440 ( 3.5%) |
| Median Home Value | $394,727 |
| Average Home Value | $426,836 |
Housing Distribution
Address Breakdown
Residential
12,286
Single Family
10,526
Multi-Family
1,760
Businesses
682
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