2563 Alabama Ave SSaint Louis ParkMN55416
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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 Saint Louis Park at 2563 Alabama Ave S, Saint Louis Park, MN, 55416 generates $1,477/mo in rent and, after a $1,076/mo payment, leaves $104/mo in cash flow. Total monthly income is $1,477/mo, and annual cash flow is $1,250/yr on $72,897 invested. Return on cash invested sits at 21.62% in year one, and rental yield is 8.06% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 112.17% and total cumulative return in cash sums $81,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,477/mo property income rather than buyer’s personal income.
Townhouse
Built in 1978
1.72 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 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Kari M Lundin • Keller Williams Realty Integrity
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6766351