255 Mercury Dr NEFridleyMN55432
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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
Rental property for sale in Fridley at 255 Mercury Dr NE, Fridley, MN, 55432 priced at $310,000 converts $2,753/mo rent into $818/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,753/mo, and annual cash flow totals $9,810/yr on $102,765 invested. Return on cash invested prints 29.46% in year one, and rental yield reads 10.66% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 154.11% and total cumulative return in cash sums $158,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,753/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55432, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,131 (100%) |
| Owner Occupied HU | 8,278 (58.6%) |
| Renter Occupied HU | 5,439 (38.5%) |
| Vacant Housing Units | 414 ( 2.9%) |
| Median Home Value | $337,021 |
| Average Home Value | $345,828 |
Housing Distribution
Address Breakdown
Residential
13,926
Single Family
9,630
Multi-Family
4,296
Businesses
994
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