8387 State Highway 23KerrickMN55756
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $130,000, 8387 State Highway 23, Kerrick, MN, 55756 in Kerrick generates $1,000/mo in rent (9.23% yield) but nets only $188/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.71) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $35,917. Total projected return: $61,445.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $188 | $300 |
City averages based on Kerrick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,000 |
| Total Monthly Debt Service | $760 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Home Type Unknown
Built in 1940
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55756, Kerrick, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 159 (47.2%) |
| Renter Occupied HU | 19 ( 5.6%) |
| Vacant Housing Units | 159 (47.2%) |
| Median Home Value | $261,607 |
| Average Home Value | $277,563 |
Housing Distribution
Address Breakdown
Residential
150
Single Family
150
Multi-Family
0
Businesses
6
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
Home Type Unknown
Built in 1940
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55756, Kerrick, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 159 (47.2%) |
| Renter Occupied HU | 19 ( 5.6%) |
| Vacant Housing Units | 159 (47.2%) |
| Median Home Value | $261,607 |
| Average Home Value | $277,563 |
Housing Distribution
Address Breakdown
Residential
150
Single Family
150
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices