216 Monroe StAnokaMN55303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Anoka at 216 Monroe St, Anoka, MN, 55303 offers $3,037/mo rent that, after a $1,664/mo payment, leaves $914/mo cash flow. Total monthly income is $3,037/mo, and annual cash flow is $10,970/yr on $112,677 cash. Return on cash invested measures 29.64% in year one, and rental yield stands at 10.72% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 155.15% and total cumulative return in cash reaches $174,815. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,037/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2018
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55303, Anoka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,533 (100%) |
| Owner Occupied HU | 14,765 (71.9%) |
| Renter Occupied HU | 5,139 (25.0%) |
| Vacant Housing Units | 629 ( 3.1%) |
| Median Home Value | $384,834 |
| Average Home Value | $425,564 |
Housing Distribution
Address Breakdown
Residential
20,469
Single Family
16,681
Multi-Family
3,788
Businesses
1,270
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices