517 8th St WHastingsMN55033
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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
Investment property for sale in Hastings at 517 8th St W, Hastings, MN, 55033 uses $96,632 cash to close to unlock $4,668/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $2,245/mo, and a $1,427/mo payment keeps the spread at $389/mo. Purchase price stands at $291,500, and rental yield measures 9.24% with $2,245/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $80,536 over five years. Five-year ROI reaches 129.03% and total cumulative return in cash records $124,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,245/mo property income covering a $1,427/mo payment rather than investor’s personal income.
Single Family
Built in 1875
10,018 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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