1687 131st Ln NWCoon RapidsMN55448
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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 Coon Rapids at 1687 131st Ln NW, Coon Rapids, MN, 55448 offers a 11.11% rental yield on a $379,900 purchase with $3,517/mo rent. Total monthly income registers $3,517/mo, and a $1,859/mo payment leaves $1,145/mo available for distribution. Annual cash flow reaches $13,742/yr on $125,937 to close, and return on cash invested stands at 30.82% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 161.45% and total cumulative return in cash at $203,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,517/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.25 Acres lot
$N/A/sqft
No 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: Toulee Khang • Creative Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6734209