604 Atlantic Ave NHermanMN56248
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 604 Atlantic Ave N, Herman, MN, 56248 in Herman is narrow, $157/mo net on $838/mo rent after the $490/mo debt service, but the property operates at break-even-plus, not a loss. At $109,000 with a 9.23% yield, the long-run equity case via 5% appreciation ($30,115 over five years) and $1,004/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.71 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $51,501.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $157 | $350 |
City averages based on Herman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $838 |
| Total Monthly Debt Service | $637 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1890
7,666 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56248, Herman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 260 (66.7%) |
| Renter Occupied HU | 62 (15.9%) |
| Vacant Housing Units | 68 (17.4%) |
| Median Home Value | $259,434 |
| Average Home Value | $337,221 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
194
Multi-Family
29
Businesses
37
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 1890
7,666 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56248, Herman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 260 (66.7%) |
| Renter Occupied HU | 62 (15.9%) |
| Vacant Housing Units | 68 (17.4%) |
| Median Home Value | $259,434 |
| Average Home Value | $337,221 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
194
Multi-Family
29
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices