1319 7th LnAnokaMN55303
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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 Anoka at 1319 7th Ln, Anoka, MN, 55303 uses $104,422 cash to close to unlock $12,021/yr annual cash flow and $1,002/mo monthly cash flow. Total monthly income runs $2,969/mo, and a $1,542/mo payment keeps the spread at $1,002/mo. Purchase price stands at $314,999, and rental yield measures 11.31% with $2,969/mo rent. Return on cash invested shows 31.42% in year one, and 5% annual appreciation builds toward $87,028 over five years. Five-year ROI reaches 164.65% and total cumulative return in cash records $171,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,969/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1961
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55303, Anoka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,533 (100%) |
| Owner Occupied HU | 14,765 (71.9%) |
| Renter Occupied HU | 5,139 (25.0%) |
| Vacant Housing Units | 629 ( 3.1%) |
| Median Home Value | $384,834 |
| Average Home Value | $425,564 |
Housing Distribution
Address Breakdown
Residential
20,469
Single Family
16,681
Multi-Family
3,788
Businesses
1,270
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