13701 Nicollet Ave APT 204BurnsvilleMN55337
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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 Burnsville at 13701 Nicollet Ave APT 204, Burnsville, MN, 55337 offers a 8.44% rental yield on a $210,000 purchase with $1,477/mo rent. Total monthly income registers $1,477/mo, and a $1,028/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,986/yr on $69,615 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 118.26% and total cumulative return in cash at $82,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,477/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
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: David D. Daggett • Prandium Group Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6762943