The Somerset Plan, River's EdgeHanoverMN55341
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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 Hanover at The Somerset Plan, River's Edge, Hanover, MN, 55341 generates $3,353/mo in rent and, after a $2,271/mo payment, leaves $456/mo in cash flow. Total monthly income is $3,353/mo, and annual cash flow is $5,467/yr on $153,816 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 8.67% on a $464,000 entry. Equity gained on principal adds $2,994/yr, while 5% annual appreciation builds toward $128,195 over five years. Five-year ROI reaches 121.98% and total cumulative return in cash sums $187,629. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,353/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55341, Hanover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 1,273 (91.5%) |
| Renter Occupied HU | 101 ( 7.3%) |
| Vacant Housing Units | 18 ( 1.3%) |
| Median Home Value | $441,304 |
| Average Home Value | $476,416 |
Housing Distribution
Address Breakdown
Residential
1,271
Single Family
1,267
Multi-Family
4
Businesses
78
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