Baxter Plan, Crow River HeightsHanoverMN55341
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
Rental property for sale in Hanover at Baxter Plan, Crow River Heights, Hanover, MN, 55341 priced at $368,990 pairs $3,444/mo rent with $1,140/mo cash flow after a $1,806/mo payment. Total monthly income equals $3,444/mo, and annual cash flow comes to $13,678/yr on $122,320 invested. Return on cash invested is 31.09% in year one, and rental yield stands at 11.2% on a $368,990 basis. Equity gained on principal adds $2,381/yr, and 5% annual appreciation accumulates to $101,945 by year five. Five-year ROI measures 162.87% and total cumulative return in cash reaches $199,224. For financing, Ziffy Mortgage’s DSCR program evaluates $3,444/mo property income against a $1,806/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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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