517 1st StHancockMN56244
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 517 1st St, Hancock, MN, 56244 priced at $105,000 converts $1,033/mo rent into $377/mo cash flow after a $514/mo obligation. Total monthly income equals $1,033/mo, and annual cash flow totals $4,527/yr on $34,808 invested. Return on cash invested prints 32.91% in year one, and rental yield reads 11.81% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 172.76% and total cumulative return in cash sums $60,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,033/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1918
5,662 sqft 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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Nearby investment properties with comparable prices
Listed by: Danielle R Kangas • United Country Aasness Real Estate LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6574629
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