3117 Nevada Ave SSaint Louis ParkMN55426
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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 3117 Nevada Ave S, Saint Louis Park, MN, 55426 uses $137,573 cash to close to unlock $6,933/yr annual cash flow and $578/mo monthly cash flow. Total monthly income runs $3,169/mo, and a $2,031/mo payment keeps the spread at $578/mo. Purchase price stands at $415,000, and rental yield measures 9.16% with $3,169/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 129.95% and total cumulative return in cash records $178,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,169/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1951
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55426, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,507 (100%) |
| Owner Occupied HU | 7,030 (56.2%) |
| Renter Occupied HU | 4,846 (38.7%) |
| Vacant Housing Units | 631 ( 5.0%) |
| Median Home Value | $391,247 |
| Average Home Value | $451,864 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
7,737
Multi-Family
4,480
Businesses
933
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Listed by: Shannon Plourde - The Plourde Team • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6744488