1620 Carriage PathGolden ValleyMN55422
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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
Rental property for sale in Golden Valley at 1620 Carriage Path, Golden Valley, MN, 55422 generates $4,612/mo in rent, after a $6,681/mo payment. Total monthly income is $4,612/mo. Return on cash invested sits at 9.76% in year one, and rental yield is 4.05% on a $1,365,000 entry. Equity gained on principal adds $8,808/yr, while 5% annual appreciation builds toward $377,124 over five years. Five-year ROI reaches 48.37% and total cumulative return in cash sums $213,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,612/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55422, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,090 (100%) |
| Owner Occupied HU | 8,674 (66.3%) |
| Renter Occupied HU | 3,919 (29.9%) |
| Vacant Housing Units | 497 ( 3.8%) |
| Median Home Value | $367,824 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
12,826
Single Family
9,956
Multi-Family
2,870
Businesses
656
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Listed by: Jessica Prudden • Prudden & Company
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6810589