2853 87th St E #29, Inver Grove Heights, MN, 55076 | $483/mo Cash Flow

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
940 sft

645 5th Ave NW, New Brighton, MN, 55112

2 Bed
2 Bath
896 sft

13098 Murdock Ter, Eden Prairie, MN, 55347

2 Bed
2 Bath
1310 sft

668 E 143rd St, Burnsville, MN, 55337

2 Bed
1 Bath
1100 sft

2509 Innsbruck Trl, New Brighton, MN, 55112

Nearby investment properties with comparable prices

2 Bed
2 Bath
1400 sft

1520 Elliot Ave APT 4, Minneapolis, MN, 55404

3 Bed
2 Bath
1312 sft

10730 Toledo Ct, Bloomington, MN, 55437

2 Bed
2 Bath
1360 sft

6085 Lincoln Dr APT 225, Edina, MN, 55436

2 Bed
2 Bath
1300 sft

7771 Hemingway Ave S, Cottage Grove, MN, 55016

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 Inver Grove Heights at 2853 87th St E #29, Inver Grove Heights, MN, 55076 offers a 9.49% rental yield on a $290,000 purchase with $2,293/mo rent. Total monthly income registers $2,293/mo, and a $1,419/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,790/yr on $96,135 to close, and return on cash invested stands at 25.93% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 135.21% and total cumulative return in cash at $129,988. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,293/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1995

435.60 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55076, Inver Grove Heights, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,394 (100%)
Owner Occupied HU	7,073 (75.3%)
Renter Occupied HU	2,090 (22.2%)
Vacant Housing Units	231 ( 2.5%)
Median Home Value	$377,655
Average Home Value	$408,391