56761 N State Highway 123AskovMN55704
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 56761 N State Highway 123, Askov, MN, 55704 in Askov fits: $635,100, 4.67% gross yield, and a projected 5% annual appreciation rate adding $175,466 in value within five years. Rental yield 4.67%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.87) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,849/yr in principal paydown and $175,466 in appreciation project a total return of $144,782.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 7.2% |
| Monthly Cash Flow | $(1,495) | $150 |
City averages based on Askov market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,471 |
| Total Monthly Debt Service | $3,713 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1917
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55704, Askov, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 426 (64.8%) |
| Renter Occupied HU | 77 (11.7%) |
| Vacant Housing Units | 154 (23.4%) |
| Median Home Value | $256,250 |
| Average Home Value | $308,263 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
500
Multi-Family
0
Businesses
28
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
Single Family
Built in 1917
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55704, Askov, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 426 (64.8%) |
| Renter Occupied HU | 77 (11.7%) |
| Vacant Housing Units | 154 (23.4%) |
| Median Home Value | $256,250 |
| Average Home Value | $308,263 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
500
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices