11516 Palmer RdBloomingtonMN55437
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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 11516 Palmer Rd, Bloomington, MN, 55437 listed at $289,900 pairs $2,410/mo rent with a $1,419/mo payment to leave $600/mo cash flow. Total monthly income runs $2,410/mo, and annual cash flow reaches $7,196/yr on $96,102 cash to close. Return on cash invested measures 27.4% in year one, and rental yield registers 9.98% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 143.08% and total cumulative return in cash totals $137,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,410/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.40 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: Scott E Stevenson • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004333