1008 89th St WBloomingtonMN55420
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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 Bloomington at 1008 89th St W, Bloomington, MN, 55420 listed at $299,990 pairs $2,657/mo rent with a $1,468/mo payment to leave $784/mo cash flow. Total monthly income runs $2,657/mo, and annual cash flow reaches $9,408/yr on $99,447 cash to close. Return on cash invested measures 29.37% in year one, and rental yield registers 10.63% at a $299,990 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,882 by year five. Five-year ROI tracks 153.69% and total cumulative return in cash totals $152,841. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,657/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55420, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,697 (100%) |
| Owner Occupied HU | 5,853 (60.4%) |
| Renter Occupied HU | 3,495 (36.0%) |
| Vacant Housing Units | 349 ( 3.6%) |
| Median Home Value | $335,224 |
| Average Home Value | $366,745 |
Housing Distribution
Address Breakdown
Residential
9,524
Single Family
6,310
Multi-Family
3,214
Businesses
1,000
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Listed by: Michael Nguyen • Epique Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001429