3005 Monterey Ave SSaint Louis ParkMN55416
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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 3005 Monterey Ave S, Saint Louis Park, MN, 55416 earns $919/mo cash flow from $3,011/mo rent with a $1,640/mo payment. Total monthly income totals $3,011/mo, and annual cash flow totals $11,025/yr on $111,053 capital. ROI tracks 29.84% on current figures, and rental yield reads 10.79% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 156.14% and total cumulative return in cash sums $173,396. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,011/mo property income instead of your personal income.
Single Family
Built in 1974
4,356 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 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Jie Xu • Bridge Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6808480