11332 Ibis 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 11332 Ibis St NW, Coon Rapids, MN, 55433 offers a 8.48% rental yield on a $200,000 purchase with $1,413/mo rent. Total monthly income registers $1,413/mo, and a $979/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,968/yr on $66,300 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 118.82% and total cumulative return in cash at $78,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,413/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
871.20 sqft 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: Emily Sachs • Weichert, Realtors-Advantage
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822971