Nora Plan, Heritage RidgeHastingsMN55033
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 Hastings at Nora Plan, Heritage Ridge, Hastings, MN, 55033 offers $3,067/mo rent that, after a $2,182/mo payment, leaves $283/mo cash flow. Total monthly income is $3,067/mo, and annual cash flow is $3,396/yr on $147,816 cash. Return on cash invested measures 22.21% in year one, and rental yield stands at 8.25% at a $445,900 entry. Equity gained on principal adds $2,877/yr while 5% annual appreciation compounds into $123,194 by year five. Five-year ROI records 115.25% and total cumulative return in cash reaches $170,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,067/mo property income versus a $2,182/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55033, Hastings, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,556 (100%) |
| Owner Occupied HU | 9,207 (73.3%) |
| Renter Occupied HU | 2,909 (23.2%) |
| Vacant Housing Units | 440 ( 3.5%) |
| Median Home Value | $394,727 |
| Average Home Value | $426,836 |
Housing Distribution
Address Breakdown
Residential
12,286
Single Family
10,526
Multi-Family
1,760
Businesses
682
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