507 Hampshire DrHoyt LakesMN55750
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 Hoyt Lakes at 507 Hampshire Dr, Hoyt Lakes, MN, 55750 offers $1,341/mo rent that, after a $856/mo payment, leaves $249/mo cash flow. Total monthly income is $1,341/mo, and annual cash flow is $2,987/yr on $57,979 cash. Return on cash invested measures 25.06% in year one, and rental yield stands at 9.2% at a $174,900 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,322 by year five. Five-year ROI records 130.56% and total cumulative return in cash reaches $75,696. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,341/mo property income versus a $856/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55750, Hoyt Lakes, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 784 (78.5%) |
| Renter Occupied HU | 100 (10.0%) |
| Vacant Housing Units | 115 (11.5%) |
| Median Home Value | $111,993 |
| Average Home Value | $225,405 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
907
Multi-Family
24
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Norma Jean Jofs • Next Door Realty
Mls Name: Lake Superior Area Realtors
Mls ID: #6122703