485 Pearl AveHancockMN56244
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 Hancock at 485 Pearl Ave, Hancock, MN, 56244 offers $1,507/mo rent that, after a $915/mo payment, leaves $340/mo cash flow. Total monthly income is $1,507/mo, and annual cash flow is $4,075/yr on $61,991 cash. Return on cash invested measures 26.48% in year one, and rental yield stands at 9.67% at a $187,000 entry. Equity gained on principal adds $1,207/yr while 5% annual appreciation compounds into $51,665 by year five. Five-year ROI records 138.19% and total cumulative return in cash reaches $85,662. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,507/mo property income versus a $915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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