2924 Alabama Ave S, Saint Louis Park, MN, 55416 | $528/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Saint Louis Park at 2924 Alabama Ave S, Saint Louis Park, MN, 55416 offers a 9.08% rental yield on a $400,000 purchase with $3,026/mo rent. Total monthly income registers $3,026/mo, and a $1,958/mo payment leaves $528/mo available for distribution. Annual cash flow reaches $6,336/yr on $132,600 to close, and return on cash invested stands at 24.69% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 128.53% and total cumulative return in cash at $170,428. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,026/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1942

4,791 sqft 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