3048 109th Ln NW #1Coon RapidsMN55433
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Coon Rapids rental at 3048 109th Ln NW #1, Coon Rapids, MN, 55433 sits in the solid-income band: 10.85% gross yield, $1,763/mo rent, $345/mo net after the $877/mo debt service, DSCR 2.01. Entry price of $195,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $53,875 and $1,796/yr in principal reduction bring total cumulative return to $109,093.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 4.2% |
| Monthly Cash Flow | $345 | $1,200 |
City averages based on Coon Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,763 |
| Total Monthly Debt Service | $1,140 |
| DSCR Ratio | 1.55x |
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.
Condo
Built in 1982
871.20 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
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
Condo
Built in 1982
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandie Flaxbeard • Minnesota Home Venture, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7017503