Willow II Plan, Rice Lake ReserveHugoMN55038
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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 Hugo at Willow II Plan, Rice Lake Reserve, Hugo, MN, 55038 priced at $490,990 pairs $3,571/mo rent with $505/mo cash flow after a $2,403/mo payment. Total monthly income equals $3,571/mo, and annual cash flow comes to $6,062/yr on $162,763 invested. Return on cash invested is 23.63% in year one, and rental yield stands at 8.73% on a $490,990 basis. Equity gained on principal adds $3,168/yr, and 5% annual appreciation accumulates to $135,651 by year five. Five-year ROI measures 122.9% and total cumulative return in cash reaches $200,039. For financing, Ziffy Mortgage’s DSCR program evaluates $3,571/mo property income against a $2,403/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55038, Hugo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,055 (100%) |
| Owner Occupied HU | 8,931 (88.8%) |
| Renter Occupied HU | 868 ( 8.6%) |
| Vacant Housing Units | 256 ( 2.5%) |
| Median Home Value | $484,067 |
| Average Home Value | $520,211 |
Housing Distribution
Address Breakdown
Residential
9,910
Single Family
9,782
Multi-Family
128
Businesses
380
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