7973 Xyloid LnHamelMN55340
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
Investment Highlights
Rental property for sale in Hamel at 7973 Xyloid Ln, Hamel, MN, 55340 priced at $339,990 converts $3,060/mo rent into $676/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,060/mo, and annual cash flow totals $8,112/yr on $112,707 invested. Return on cash invested prints 27.11% in year one, and rental yield reads 10.8% against a $339,990 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,933 by year five. Five-year ROI reaches 142.56% and total cumulative return in cash sums $160,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
6,969 sqft lot
$N/A/sqft
$261 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55340, Hamel, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 3,632 (91.0%) |
| Renter Occupied HU | 220 ( 5.5%) |
| Vacant Housing Units | 138 ( 3.5%) |
| Median Home Value | $666,667 |
| Average Home Value | $725,686 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,665
Multi-Family
166
Businesses
326
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Nearby investment properties with comparable prices
Listed by: Misty Cogdill • M/I Homes
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6608328
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 15:16:34 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)