15665 24th Ave N UNIT CPlymouthMN55447
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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 Plymouth at 15665 24th Ave N UNIT C, Plymouth, MN, 55447 uses $82,544 cash to close to unlock $10,846/yr annual cash flow and $904/mo monthly cash flow. Total monthly income runs $2,459/mo, and a $1,219/mo payment keeps the spread at $904/mo. Purchase price stands at $249,000, and rental yield measures 11.85% with $2,459/mo rent. Return on cash invested shows 33.05% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 173.37% and total cumulative return in cash records $143,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,459/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Townhouse
Built in 1993
0.47 Acres lot
$N/A/sqft
No 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
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