9040 60th St NWPennockMN56279
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 9040 60th St NW, Pennock, MN, 56279 in Pennock is capital appreciation. Rental yield 5.76%. The 5.76% gross yield at $445,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $122,945 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.07) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $127,454.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 6.5% |
| Monthly Cash Flow | $(644) | $450 |
City averages based on Pennock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,135 |
| Total Monthly Debt Service | $2,602 |
| DSCR Ratio | 0.82x |
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 1975
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56279, Pennock, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 524 (100%) |
| Owner Occupied HU | 404 (77.1%) |
| Renter Occupied HU | 61 (11.6%) |
| Vacant Housing Units | 59 (11.3%) |
| Median Home Value | $343,810 |
| Average Home Value | $395,761 |
Housing Distribution
Address Breakdown
Residential
339
Single Family
339
Multi-Family
0
Businesses
16
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 1975
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56279, Pennock, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 524 (100%) |
| Owner Occupied HU | 404 (77.1%) |
| Renter Occupied HU | 61 (11.6%) |
| Vacant Housing Units | 59 (11.3%) |
| Median Home Value | $343,810 |
| Average Home Value | $395,761 |
Housing Distribution
Address Breakdown
Residential
339
Single Family
339
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices