2017 Southcross Dr W APT 703BurnsvilleMN55306
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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 Burnsville at 2017 Southcross Dr W APT 703, Burnsville, MN, 55306 uses $66,267 cash to close to unlock $3,998/yr annual cash flow and $333/mo monthly cash flow. Total monthly income runs $1,581/mo, and a $978/mo payment keeps the spread at $333/mo. Purchase price stands at $199,900, and rental yield measures 9.49% with $1,581/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 135.33% and total cumulative return in cash records $89,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,581/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55306, Burnsville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,247 (100%) |
| Owner Occupied HU | 4,229 (58.4%) |
| Renter Occupied HU | 2,727 (37.6%) |
| Vacant Housing Units | 291 ( 4.0%) |
| Median Home Value | $434,446 |
| Average Home Value | $456,751 |
Housing Distribution
Address Breakdown
Residential
7,481
Single Family
4,308
Multi-Family
3,173
Businesses
383
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Listed by: Joe S Maselter • Fuze Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6786163