6131 Egg Lake Rd NHugoMN55038
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 6131 Egg Lake Rd N, Hugo, MN, 55038 in Hugo at $389,900 earns $2,619/mo in rent and nets $184/mo after the $1,753/mo payment, a 8.06% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $107,722 over five years. Ziffy Mortgage underwrites this on a 1.49 DSCR without U.S. credit history. With $3,591/yr in principal paydown, total projected return reaches $159,833.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.3% |
| Monthly Cash Flow | $184 | $1,200 |
City averages based on Hugo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,619 |
| Total Monthly Debt Service | $2,280 |
| DSCR Ratio | 1.15x |
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 1990
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
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 1990
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices