485 Pearl AveHancockMN56244
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 485 Pearl Ave, Hancock, MN, 56244 in Hancock: $1,507/mo in rent, $339/mo in net income, 9.67% gross yield, 1.79 DSCR, all at $187,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $51,665 in appreciation and $1,722/yr in principal paydown projects total cumulative return of $92,798.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.3% |
| Monthly Cash Flow | $339 | $450 |
City averages based on Hancock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,507 |
| Total Monthly Debt Service | $1,093 |
| DSCR Ratio | 1.38x |
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 1925
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56244, Hancock, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 472 (76.6%) |
| Renter Occupied HU | 118 (19.2%) |
| Vacant Housing Units | 26 ( 4.2%) |
| Median Home Value | $215,789 |
| Average Home Value | $286,499 |
Housing Distribution
Address Breakdown
Residential
570
Single Family
537
Multi-Family
33
Businesses
34
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 1925
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56244, Hancock, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 472 (76.6%) |
| Renter Occupied HU | 118 (19.2%) |
| Vacant Housing Units | 26 ( 4.2%) |
| Median Home Value | $215,789 |
| Average Home Value | $286,499 |
Housing Distribution
Address Breakdown
Residential
570
Single Family
537
Multi-Family
33
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices