10600 Normandale BlvdBloomingtonMN55437
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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 10600 Normandale Blvd, Bloomington, MN, 55437 uses $135,915 cash to close to unlock $10,098/yr annual cash flow and $842/mo monthly cash flow. Total monthly income runs $3,402/mo, and a $2,007/mo payment keeps the spread at $842/mo. Purchase price stands at $410,000, and rental yield measures 9.96% with $3,402/mo rent. Return on cash invested shows 27.34% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 142.77% and total cumulative return in cash records $194,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,402/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55437, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,672 (100%) |
| Owner Occupied HU | 5,613 (64.7%) |
| Renter Occupied HU | 2,788 (32.1%) |
| Vacant Housing Units | 271 ( 3.1%) |
| Median Home Value | $421,902 |
| Average Home Value | $461,166 |
Housing Distribution
Address Breakdown
Residential
9,087
Single Family
5,577
Multi-Family
3,510
Businesses
302
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Listed by: The Leonhardt Team • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6778094