The Madison Plan, Oakview RidgeHanoverMN55376
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 The Madison Plan, Oakview Ridge, Hanover, MN, 55376 offers $3,142/mo rent that, after a $2,168/mo payment, leaves $376/mo cash flow. Total monthly income is $3,142/mo, and annual cash flow is $4,511/yr on $146,855 cash. Return on cash invested measures 22.98% in year one, and rental yield stands at 8.51% at a $443,000 entry. Equity gained on principal adds $2,859/yr while 5% annual appreciation compounds into $122,393 by year five. Five-year ROI records 119.39% and total cumulative return in cash reaches $175,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,142/mo property income versus a $2,168/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: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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