The Somerset 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
Investment property for sale in Hanover at The Somerset Plan, Oakview Ridge, Hanover, MN, 55376 with 5% annual appreciation on a $466,000 basis while $3,413/mo rent supports operations. Total monthly income totals $3,413/mo and a $2,281/mo payment preserves $503/mo for cash returns. Annual cash flow comes to $6,035/yr on $154,479 deployed, and return on cash invested reaches 23.82% in year one. Equity gained on principal adds $3,007/yr, and five-year appreciation sums $128,747 alongside rental yield of 8.79%. Five-year ROI measures 123.85% and total cumulative return in cash totals $191,317.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,413/mo property income versus a $2,281/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
