2131 Viking Blvd NWOak GroveMN55011
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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 Oak Grove at 2131 Viking Blvd NW, Oak Grove, MN, 55011 uses $157,429 cash to close to unlock $11,579/yr annual cash flow and $965/mo monthly cash flow. Total monthly income runs $3,930/mo, and a $2,324/mo payment keeps the spread at $965/mo. Purchase price stands at $474,900, and rental yield measures 9.93% with $3,930/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $131,206 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash records $224,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,930/mo property income covering a $2,324/mo payment rather than investor’s personal income.
Single Family
Built in 1997
4.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55011, Cedar, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,060 (100%) |
| Owner Occupied HU | 3,776 (93.0%) |
| Renter Occupied HU | 231 ( 5.7%) |
| Vacant Housing Units | 53 ( 1.3%) |
| Median Home Value | $423,337 |
| Average Home Value | $451,419 |
Housing Distribution
Address Breakdown
Residential
4,040
Single Family
3,752
Multi-Family
288
Businesses
196
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