Promenade III Plan, Villas at PleasantHastingsMN55033
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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
Rental property for sale in Hastings at Promenade III Plan, Villas at Pleasant, Hastings, MN, 55033 offers $3,000/mo rent that, after a $3,137/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 13.25% in year one, and rental yield stands at 5.62% at a $640,990 entry. Equity gained on principal adds $4,136/yr while 5% annual appreciation compounds into $177,094 by year five. Five-year ROI records 67.56% and total cumulative return in cash reaches $142,481. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $3,137/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$195 monthly 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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