1531 129th Ave NWCoon RapidsMN55448
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
Investment property for sale in Coon Rapids at 1531 129th Ave NW, Coon Rapids, MN, 55448 earns $128/mo cash flow from $2,998/mo rent with a $1,975/mo payment. Total monthly income totals $2,998/mo, and annual cash flow totals $1,539/yr on $133,760 capital. ROI tracks 21.06% on current figures, and rental yield reads 8.92% at a $403,500 purchase. Equity gained on principal adds $2,604/yr, and 5% annual appreciation supports $111,480 over five years. Five-year ROI reaches 110.25% and total cumulative return in cash sums $147,467. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,998/mo property income instead of your personal income.
Townhouse
Built in 2003
4,791 sqft lot
$N/A/sqft
$350 monthly 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: Gary T Walters • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6715013
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