509 Pine StHastingsMN55033
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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
Rental property for sale in Hastings at 509 Pine St, Hastings, MN, 55033 priced at $325,900 converts $2,251/mo rent into $216/mo cash flow after a $1,595/mo obligation. Total monthly income equals $2,251/mo, and annual cash flow totals $2,592/yr on $108,036 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 8.29% against a $325,900 entry. Equity gained on principal adds $2,103/yr, while 5% annual appreciation compiles into $90,040 by year five. Five-year ROI reaches 115.82% and total cumulative return in cash sums $125,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,251/mo property income covering a $1,595/mo payment, not borrower’s personal income.
Single Family
Built in 1973
8,712 sqft 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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