996 7th Ave NWHutchinsonMN55350
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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
Rental property for sale in Hutchinson at 996 7th Ave NW, Hutchinson, MN, 55350 generates $2,662/mo in rent and, after a $1,419/mo payment, leaves $852/mo in cash flow. Total monthly income is $2,662/mo, and annual cash flow is $10,220/yr on $96,102 invested. Return on cash invested sits at 30.54% in year one, and rental yield is 11.02% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 159.95% and total cumulative return in cash sums $153,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,662/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55350, Hutchinson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 5,582 (68.0%) |
| Renter Occupied HU | 2,180 (26.6%) |
| Vacant Housing Units | 446 ( 5.4%) |
| Median Home Value | $272,982 |
| Average Home Value | $310,490 |
Housing Distribution
Address Breakdown
Residential
8,440
Single Family
6,723
Multi-Family
1,717
Businesses
742
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Listed by: Peterson & Co. • Keller Williams Integrity NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6734790