320 Karen Ln NEColumbia HeightsMN55421
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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 Columbia Heights at 320 Karen Ln NE, Columbia Heights, MN, 55421 earns $208/mo cash flow from $1,660/mo rent with a $1,138/mo payment. Total monthly income totals $1,660/mo, and annual cash flow totals $2,497/yr on $77,074 capital. ROI tracks 23.15% on current figures, and rental yield reads 8.57% at a $232,500 purchase. Equity gained on principal adds $1,500/yr, and 5% annual appreciation supports $64,235 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash sums $92,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,660/mo property income instead of your personal income.
Townhouse
Built in 1985
1,437 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
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Listed by: Lucas McDonough • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005667