72 Chimney Rock RdHovlandMN55606
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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
Rental property for sale in Hovland at 72 Chimney Rock Rd, Hovland, MN, 55606 generates $3,241/mo in rent, after a $4,821/mo payment. Total monthly income is $3,241/mo. Return on cash invested sits at 8.88% in year one, and rental yield is 3.95% on a $985,000 entry. Equity gained on principal adds $6,356/yr, while 5% annual appreciation builds toward $272,137 over five years. Five-year ROI reaches 43.88% and total cumulative return in cash sums $142,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,241/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
1.84 Acres lot
$N/A/sqft
$1,320 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55606, Hovland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 340 (100%) |
| Owner Occupied HU | 94 (27.6%) |
| Renter Occupied HU | 22 ( 6.5%) |
| Vacant Housing Units | 224 (65.9%) |
| Median Home Value | $368,750 |
| Average Home Value | $445,106 |
Housing Distribution
Address Breakdown
Residential
54
Single Family
54
Multi-Family
0
Businesses
8
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Listed by: Moe Mossa • Savvy Avenue, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115542
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.