Hart Ave NWAnnandaleMN55302
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 Annandale at Hart Ave NW, Annandale, MN, 55302 priced at $197,000 converts $1,298/mo rent into $68/mo cash flow after a $964/mo obligation. Total monthly income equals $1,298/mo, and annual cash flow totals $817/yr on $65,306 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 7.91% against a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation compiles into $54,427 by year five. Five-year ROI reaches 109.67% and total cumulative return in cash sums $71,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,298/mo property income covering a $964/mo payment, not borrower’s personal income.
Lot
Built in N/A
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55302, Annandale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,240 (100%) |
| Owner Occupied HU | 2,701 (63.7%) |
| Renter Occupied HU | 487 (11.5%) |
| Vacant Housing Units | 1,052 (24.8%) |
| Median Home Value | $457,950 |
| Average Home Value | $488,936 |
Housing Distribution
Address Breakdown
Residential
3,257
Single Family
3,042
Multi-Family
215
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vicki Greene • RE/MAX Advantage Plus
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6480894
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