1514 Senate LnNorthfieldMN55057
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Northfield at 1514 Senate Ln, Northfield, MN, 55057 priced at $280,000 pairs $2,317/mo rent with $250/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,317/mo, and annual cash flow comes to $3,005/yr on $92,820 invested. Return on cash invested is 23.15% in year one, and rental yield stands at 9.93% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 121.79% and total cumulative return in cash reaches $113,049. For financing, Ziffy Mortgage’s DSCR program evaluates $2,317/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2000
3,920 sqft lot
$N/A/sqft
$246 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
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Listed by: Tim Freeland • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6719374
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