10608 Rhode Island Ave NBrooklyn ParkMN55445
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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 Brooklyn Park at 10608 Rhode Island Ave N, Brooklyn Park, MN, 55445 generates $3,120/mo in rent and, after a $1,591/mo payment, leaves $1,090/mo in cash flow. Total monthly income is $3,120/mo, and annual cash flow is $13,083/yr on $107,738 invested. Return on cash invested sits at 32.05% in year one, and rental yield is 11.52% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 168.05% and total cumulative return in cash sums $181,057. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55445, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,694 (100%) |
| Owner Occupied HU | 3,543 (75.5%) |
| Renter Occupied HU | 1,004 (21.4%) |
| Vacant Housing Units | 147 ( 3.1%) |
| Median Home Value | $364,311 |
| Average Home Value | $424,820 |
Housing Distribution
Address Breakdown
Residential
4,704
Single Family
4,066
Multi-Family
638
Businesses
411
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Listed by: Jeffrey R Shuman • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007508