3008 Highland BlvdMoundMN55364
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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 Mound at 3008 Highland Blvd, Mound, MN, 55364 priced at $1,774,900 converts $5,122/mo rent into after a $8,687/mo obligation. Total monthly income equals $5,122/mo. Return on cash invested prints 7.93% in year one, and rental yield reads 3.46% against a $1,774,900 entry. Equity gained on principal adds $11,453/yr, while 5% annual appreciation compiles into $490,372 by year five. Five-year ROI reaches 38.58% and total cumulative return in cash sums $221,871. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,122/mo property income covering a $8,687/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55364, Mound, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,556 (100%) |
| Owner Occupied HU | 4,995 (76.2%) |
| Renter Occupied HU | 1,058 (16.1%) |
| Vacant Housing Units | 503 ( 7.7%) |
| Median Home Value | $619,218 |
| Average Home Value | $742,224 |
Housing Distribution
Address Breakdown
Residential
6,664
Single Family
5,915
Multi-Family
749
Businesses
270
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