29 Walden StBurnsvilleMN55337
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 29 Walden St, Burnsville, MN, 55337 in Burnsville hard to pass up. The 11.71% gross yield on a $274,900 purchase results in $2,682/mo in rent and $699/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.17). Annual cash flow of $8,393, five-year appreciation of $75,950, and $2,532/yr in equity build-up combine for a projected total cumulative return of $166,446.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 5.8% |
| Monthly Cash Flow | $699 | $420 |
City averages based on Burnsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,682 |
| Total Monthly Debt Service | $1,607 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1967
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55337, Burnsville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,950 (100%) |
| Owner Occupied HU | 11,772 (59.0%) |
| Renter Occupied HU | 7,561 (37.9%) |
| Vacant Housing Units | 617 ( 3.1%) |
| Median Home Value | $363,962 |
| Average Home Value | $401,677 |
Housing Distribution
Address Breakdown
Residential
19,290
Single Family
13,449
Multi-Family
5,841
Businesses
1,934
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1967
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55337, Burnsville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,950 (100%) |
| Owner Occupied HU | 11,772 (59.0%) |
| Renter Occupied HU | 7,561 (37.9%) |
| Vacant Housing Units | 617 ( 3.1%) |
| Median Home Value | $363,962 |
| Average Home Value | $401,677 |
Housing Distribution
Address Breakdown
Residential
19,290
Single Family
13,449
Multi-Family
5,841
Businesses
1,934
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cory Rudnitski • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7016957