2006 103rd Ln NWCoon RapidsMN55433
Nearby investment properties with comparable rents
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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 2006 103rd Ln NW, Coon Rapids, MN, 55433 uses $92,787 cash to close to unlock $3,036/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $2,026/mo, and a $1,370/mo payment keeps the spread at $253/mo. Purchase price stands at $279,900, and rental yield measures 8.69% with $2,026/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 120.56% and total cumulative return in cash records $111,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,026/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
2,178 sqft lot
$N/A/sqft
$302 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55433, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,906 (100%) |
| Owner Occupied HU | 9,704 (65.1%) |
| Renter Occupied HU | 4,830 (32.4%) |
| Vacant Housing Units | 372 ( 2.5%) |
| Median Home Value | $330,802 |
| Average Home Value | $345,487 |
Housing Distribution
Address Breakdown
Residential
14,605
Single Family
10,865
Multi-Family
3,740
Businesses
648
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Listed by: Alyssa Johnson • Triggs Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6711517
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