8323 Hamel WayMorristownMN55052
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
Investment property for sale in Morristown at 8323 Hamel Way, Morristown, MN, 55052 offers a 6.56% rental yield on a $449,900 purchase with $2,459/mo rent. 09% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 87.8% and total cumulative return in cash at $130,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,459/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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