15640 24th Ave N UNIT EPlymouthMN55447
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 15640 24th Ave N UNIT E, Plymouth, MN, 55447 in Plymouth at $285,000 earns $2,304/mo in rent and nets $124/mo after the $1,282/mo payment, a 9.7% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $78,740 over five years. Ziffy Mortgage underwrites this on a 1.80 DSCR without U.S. credit history. With $2,625/yr in principal paydown, total projected return reaches $117,887.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 4.5% |
| Monthly Cash Flow | $124 | $850 |
City averages based on Plymouth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,304 |
| Total Monthly Debt Service | $2,066 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1994
0.52 Acres lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55447, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,816 (100%) |
| Owner Occupied HU | 6,054 (68.7%) |
| Renter Occupied HU | 2,428 (27.5%) |
| Vacant Housing Units | 334 ( 3.8%) |
| Median Home Value | $519,618 |
| Average Home Value | $571,537 |
Housing Distribution
Address Breakdown
Residential
8,844
Single Family
7,068
Multi-Family
1,776
Businesses
785
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
Townhouse
Built in 1994
0.52 Acres lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55447, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,816 (100%) |
| Owner Occupied HU | 6,054 (68.7%) |
| Renter Occupied HU | 2,428 (27.5%) |
| Vacant Housing Units | 334 ( 3.8%) |
| Median Home Value | $519,618 |
| Average Home Value | $571,537 |
Housing Distribution
Address Breakdown
Residential
8,844
Single Family
7,068
Multi-Family
1,776
Businesses
785
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices