650 Kadler CirHanoverMN55341
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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 Hanover at 650 Kadler Cir, Hanover, MN, 55341 generates $4,085/mo in rent and, after a $2,521/mo payment, leaves $848/mo in cash flow. Total monthly income is $4,085/mo, and annual cash flow is $10,178/yr on $169,435 invested. Return on cash invested sits at 26.07% in year one, and rental yield is 9.52% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 135.98% and total cumulative return in cash sums $230,401. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,085/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55341, Hanover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 1,273 (91.5%) |
| Renter Occupied HU | 101 ( 7.3%) |
| Vacant Housing Units | 18 ( 1.3%) |
| Median Home Value | $441,304 |
| Average Home Value | $476,416 |
Housing Distribution
Address Breakdown
Residential
1,271
Single Family
1,267
Multi-Family
4
Businesses
78
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Nearby investment properties with comparable prices
Listed by: Jordan Riesgraf • Keller Williams Premier Realty Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6688455
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