11024 Swallow St NWCoon RapidsMN55433
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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 Coon Rapids at 11024 Swallow St NW, Coon Rapids, MN, 55433 uses $71,239 cash to close to unlock $9,659/yr annual cash flow and $805/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $1,052/mo payment keeps the spread at $805/mo. Purchase price stands at $214,900, and rental yield measures 11.99% with $2,147/mo rent. Return on cash invested shows 33.47% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 175.61% and total cumulative return in cash records $125,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55433, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,906 (100%) |
| Owner Occupied HU | 9,704 (65.1%) |
| Renter Occupied HU | 4,830 (32.4%) |
| Vacant Housing Units | 372 ( 2.5%) |
| Median Home Value | $330,802 |
| Average Home Value | $345,487 |
Housing Distribution
Address Breakdown
Residential
14,605
Single Family
10,865
Multi-Family
3,740
Businesses
648
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Listed by: Kyle J. Olson • Keller Williams Classic Rlty NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6763835