15631 Linnet St NW #3208AndoverMN55304
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 Andover at 15631 Linnet St NW #3208, Andover, MN, 55304 generates $2,338/mo in rent and, after a $1,199/mo payment, leaves $612/mo in cash flow. Total monthly income is $2,338/mo, and annual cash flow is $7,347/yr on $81,218 invested. Return on cash invested sits at 28.96% in year one, and rental yield is 11.45% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 152.52% and total cumulative return in cash sums $123,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,338/mo property income rather than buyer’s personal income.
Condo
Built in 2006
871.20 sqft lot
$N/A/sqft
$196 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Erin Callahan • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6730658
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