2424 Byrd Ave NGolden ValleyMN55422
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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 Golden Valley at 2424 Byrd Ave N, Golden Valley, MN, 55422 uses $118,644 cash to close to unlock $4,786/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $2,634/mo, and a $1,752/mo payment keeps the spread at $399/mo. Purchase price stands at $357,900, and rental yield measures 8.83% with $2,634/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $98,881 over five years. Five-year ROI reaches 124.55% and total cumulative return in cash records $147,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,634/mo property income covering a $1,752/mo payment rather than investor’s personal income.
Single Family
Built in 1948
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55422, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,090 (100%) |
| Owner Occupied HU | 8,674 (66.3%) |
| Renter Occupied HU | 3,919 (29.9%) |
| Vacant Housing Units | 497 ( 3.8%) |
| Median Home Value | $367,824 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
12,826
Single Family
9,956
Multi-Family
2,870
Businesses
656
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Listed by: Mike Fuchs • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6774622