12816 Nicollet Ave APT 302BurnsvilleMN55337
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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
Rental property for sale in Burnsville at 12816 Nicollet Ave APT 302, Burnsville, MN, 55337 generates $939/mo in rent and, after a $602/mo payment, leaves $171/mo in cash flow. Total monthly income is $939/mo, and annual cash flow is $2,051/yr on $40,775 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 9.16% on a $123,000 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation builds toward $33,983 over five years. Five-year ROI reaches 129.91% and total cumulative return in cash sums $52,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $939/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55337, Burnsville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,950 (100%) |
| Owner Occupied HU | 11,772 (59.0%) |
| Renter Occupied HU | 7,561 (37.9%) |
| Vacant Housing Units | 617 ( 3.1%) |
| Median Home Value | $363,962 |
| Average Home Value | $401,677 |
Housing Distribution
Address Breakdown
Residential
19,290
Single Family
13,449
Multi-Family
5,841
Businesses
1,934
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Listed by: James J. Engel • RES Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004883