3142 Grimes Ave NRobbinsdaleMN55422
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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 Robbinsdale at 3142 Grimes Ave N, Robbinsdale, MN, 55422 uses $111,019 cash to close to unlock $8,303/yr annual cash flow and $692/mo monthly cash flow. Total monthly income runs $2,783/mo, and a $1,639/mo payment keeps the spread at $692/mo. Purchase price stands at $334,900, and rental yield measures 9.97% with $2,783/mo rent. Return on cash invested shows 27.39% in year one, and 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 143.01% and total cumulative return in cash records $158,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,783/mo property income covering a $1,639/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.14 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55422, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,090 (100%) |
| Owner Occupied HU | 8,674 (66.3%) |
| Renter Occupied HU | 3,919 (29.9%) |
| Vacant Housing Units | 497 ( 3.8%) |
| Median Home Value | $367,824 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
12,826
Single Family
9,956
Multi-Family
2,870
Businesses
656
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Listed by: Erin Callahan • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788193