2260 Ridge Dr APT 12, Saint Louis Park, MN, 55416 | $319/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1012 sft

1871 Silver Bell Rd APT 217, Eagan, MN, 55122

1 Bed
1 Bath
730 sft

488 Wabasha St N UNIT 502, Saint Paul, MN, 55102

2 Bed
1 Bath
900 sft

10720 Rockford Rd APT 113, Plymouth, MN, 55442

2 Bed
1 Bath
1272 sft

1930 Aldrich Ave S #C001, Minneapolis, MN, 55403

Nearby investment properties with comparable prices

1 Bed
1 Bath
730 sft

488 Wabasha St N UNIT 502, Saint Paul, MN, 55102

1 Bed
1 Bath
712 sft

2220 Ridge Dr APT 31, Saint Louis Park, MN, 55416

1 Bed
1 Bath
848 sft

1304 W Medicine Lake Dr APT 112, Minneapolis, MN, 55441

2 Bed
1 Bath
978 sft

3441 Portland Ave APT 1, Minneapolis, MN, 55407

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Saint Louis Park at 2260 Ridge Dr APT 12, Saint Louis Park, MN, 55416 listed at $185,000 pairs $1,474/mo rent with a $905/mo payment to leave $319/mo cash flow. Total monthly income runs $1,474/mo, and annual cash flow reaches $3,831/yr on $61,328 cash to close. Return on cash invested measures 26.16% in year one, and rental yield registers 9.56% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 136.46% and total cumulative return in cash totals $83,691. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,474/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1981

1.22 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55416, Minneapolis, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,342 (100%)
Owner Occupied HU	8,308 (40.8%)
Renter Occupied HU	10,114 (49.7%)
Vacant Housing Units	1,920 ( 9.4%)
Median Home Value	$532,918
Average Home Value	$587,316