2862 116th Ave NWCoon RapidsMN55433
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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 Coon Rapids at 2862 116th Ave NW, Coon Rapids, MN, 55433 generates $2,454/mo in rent and, after a $1,419/mo payment, leaves $644/mo in cash flow. Total monthly income is $2,454/mo, and annual cash flow is $7,722/yr on $96,135 invested. Return on cash invested sits at 27.94% in year one, and rental yield is 10.15% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 146.01% and total cumulative return in cash sums $140,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,454/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55433, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,906 (100%) |
| Owner Occupied HU | 9,704 (65.1%) |
| Renter Occupied HU | 4,830 (32.4%) |
| Vacant Housing Units | 372 ( 2.5%) |
| Median Home Value | $330,802 |
| Average Home Value | $345,487 |
Housing Distribution
Address Breakdown
Residential
14,605
Single Family
10,865
Multi-Family
3,740
Businesses
648
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Listed by: Jason C. Hughes • Keller Williams Classic Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818014