Nora Plan, Heritage Ridge VillasHastingsMN55033
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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 Hastings at Nora Plan, Heritage Ridge Villas, Hastings, MN, 55033 listed at $430,900 pairs $3,049/mo rent with a $2,109/mo payment to leave $358/mo cash flow. Total monthly income runs $3,049/mo, and annual cash flow reaches $4,299/yr on $142,843 cash to close. Return on cash invested measures 22.92% in year one, and rental yield registers 8.49% at a $430,900 basis. Equity gained on principal adds $2,781/yr, and annual property appreciation at 5% supports $119,050 by year five. Five-year ROI tracks 119.07% and total cumulative return in cash totals $170,085. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,049/mo property income relative to a $2,109/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
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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