12034 Ibis St NWCoon RapidsMN55448
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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 12034 Ibis St NW, Coon Rapids, MN, 55448 listed at $475,000 pairs $2,326/mo rent with a $2,325/mo payment. Total monthly income runs $2,326/mo. Return on cash invested measures 15.03% in year one, and rental yield registers 5.88% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 76.75% and total cumulative return in cash totals $120,847. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,326/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1980
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55448, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,920 (100%) |
| Owner Occupied HU | 8,696 (79.6%) |
| Renter Occupied HU | 2,002 (18.3%) |
| Vacant Housing Units | 222 ( 2.0%) |
| Median Home Value | $351,012 |
| Average Home Value | $374,329 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
10,012
Multi-Family
848
Businesses
541
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Listed by: Myrna L Bourcy • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772144