12405 Alder St NWCoon RapidsMN55448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Coon Rapids at 12405 Alder St NW, Coon Rapids, MN, 55448 generates $4,324/mo in rent and, after a $3,181/mo payment, leaves $266/mo in cash flow. Total monthly income is $4,324/mo, and annual cash flow is $3,188/yr on $213,817 invested. Return on cash invested sits at 21.55% in year one, and rental yield is 7.98% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 111.69% and total cumulative return in cash sums $238,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,324/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
7,840 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David J. Widell • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6761270