15164 Palm St NW,Andover,MN,55304

Investment Highlights

Investment property for sale in Andover at 15164 Palm St NW, Andover, MN, 55304 offers a 7.6% rental yield on a $415,100 purchase with $2,629/mo rent. Total monthly income registers $2,629/mo, and a $2,032/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $439/yr on $137,606 to close, and return on cash invested stands at 20.23% in year one. Equity gained on principal adds $2,679/yr while 5% annual appreciation supports $114,684 over five years. Portfolio math shows five-year ROI at 104.63% and total cumulative return in cash at $143,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,629/mo property income against a $2,032/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.