9706 Jasmine Ave NEHanoverMN55341
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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 Hanover at 9706 Jasmine Ave NE, Hanover, MN, 55341 uses $154,108 cash to close to unlock $6,497/yr annual cash flow and $541/mo monthly cash flow. Total monthly income runs $3,444/mo, and a $2,275/mo payment keeps the spread at $541/mo. Purchase price stands at $464,880, and rental yield measures 8.89% with $3,444/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $128,438 over five years. Five-year ROI reaches 125.53% and total cumulative return in cash records $193,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,444/mo property income covering a $2,275/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55341, Hanover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 1,273 (91.5%) |
| Renter Occupied HU | 101 ( 7.3%) |
| Vacant Housing Units | 18 ( 1.3%) |
| Median Home Value | $441,304 |
| Average Home Value | $476,416 |
Housing Distribution
Address Breakdown
Residential
1,271
Single Family
1,267
Multi-Family
4
Businesses
78
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