150 104th Ln 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 150 104th Ln NW, Coon rapids, MN, 55448 uses $124,279 cash to close to unlock $5,375/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,789/mo, and a $1,835/mo payment keeps the spread at $448/mo. Purchase price stands at $374,900, and rental yield measures 8.93% with $2,789/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 126.1% and total cumulative return in cash records $156,715. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,789/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1962
10,018 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
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Listed by: Anthony Nguyen • HOMESTEAD ROAD
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823071