The Maplewood Plan, Oakview RidgeHanoverMN55376
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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 Hanover at The Maplewood Plan, Oakview Ridge, Hanover, MN, 55376 uses $151,496 cash to close to unlock $10,777/yr annual cash flow and $898/mo monthly cash flow. Total monthly income runs $3,752/mo, and a $2,237/mo payment keeps the spread at $898/mo. Purchase price stands at $457,000, and rental yield measures 9.85% with $3,752/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $126,261 over five years. Five-year ROI reaches 141.09% and total cumulative return in cash records $213,739. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,752/mo property income covering a $2,237/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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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