8323 Hamel WayMorristownMN55052
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 8323 Hamel Way, Morristown, MN, 55052 in Morristown aligned with their strategy. Rental yield 6.56%. DSCR 1.22 and 6.56% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $4,144/yr in paydown build toward a projected cumulative return of $148,167.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 8.0% |
| Monthly Cash Flow | $(351) | $500 |
City averages based on Morristown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,459 |
| Total Monthly Debt Service | $2,630 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1979
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55052, Morristown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 696 (77.3%) |
| Renter Occupied HU | 116 (12.9%) |
| Vacant Housing Units | 88 ( 9.8%) |
| Median Home Value | $411,688 |
| Average Home Value | $410,830 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
695
Multi-Family
14
Businesses
39
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 1979
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55052, Morristown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 696 (77.3%) |
| Renter Occupied HU | 116 (12.9%) |
| Vacant Housing Units | 88 ( 9.8%) |
| Median Home Value | $411,688 |
| Average Home Value | $410,830 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
695
Multi-Family
14
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laney Pope • Weichert, REALTORS- Heartland
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812558