2856 Florida Ave SSaint Louis ParkMN55426
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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 Saint Louis Park at 2856 Florida Ave S, Saint Louis Park, MN, 55426 offers a 8.25% rental yield on a $485,000 purchase with $3,334/mo rent. Total monthly income registers $3,334/mo, and a $2,374/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,663/yr on $160,778 to close, and return on cash invested stands at 22.19% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 115.14% and total cumulative return in cash at $185,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,334/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55426, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,507 (100%) |
| Owner Occupied HU | 7,030 (56.2%) |
| Renter Occupied HU | 4,846 (38.7%) |
| Vacant Housing Units | 631 ( 5.0%) |
| Median Home Value | $391,247 |
| Average Home Value | $451,864 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
7,737
Multi-Family
4,480
Businesses
933
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Listed by: Michael James Seebinger • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6758201