3166 129th Ave NWCoon RapidsMN55448
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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 Coon Rapids at 3166 129th Ave NW, Coon Rapids, MN, 55448 offers a 8.4% rental yield on a $375,000 purchase with $2,624/mo rent. Total monthly income registers $2,624/mo, and a $1,835/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,393/yr on $124,313 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 117.55% and total cumulative return in cash at $146,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,624/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55448, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,920 (100%) |
| Owner Occupied HU | 8,696 (79.6%) |
| Renter Occupied HU | 2,002 (18.3%) |
| Vacant Housing Units | 222 ( 2.0%) |
| Median Home Value | $351,012 |
| Average Home Value | $374,329 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
10,012
Multi-Family
848
Businesses
541
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Listed by: Tho Kim Huynh • Creative Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772983