15124 Palm St NW,Andover,MN,55304

Investment Highlights

Investment property for sale in Andover at 15124 Palm St NW, Andover, MN, 55304 offers a 8.43% rental yield on a $477,400 purchase with $3,354/mo rent. Total monthly income registers $3,354/mo, and a $2,337/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,470/yr on $158,258 to close, and return on cash invested stands at 22.73% in year one. Equity gained on principal adds $3,081/yr while 5% annual appreciation supports $131,897 over five years. Portfolio math shows five-year ROI at 118.07% and total cumulative return in cash at $186,856. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,354/mo property income against a $2,337/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.