3200 Virginia Ave S APT 303Saint Louis ParkMN55426
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
Investment Highlights
Investment property for sale in Saint Louis Park at 3200 Virginia Ave S APT 303, Saint Louis Park, MN, 55426 uses $59,670 cash to close to unlock $2,868/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,949/mo, and a $881/mo payment keeps the spread at $239/mo. Purchase price stands at $180,000, and rental yield measures 12.99% with $1,949/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 132.96% and total cumulative return in cash records $79,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,949/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$586 monthly 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: Matthew Davies • Keller Williams Classic Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6590243
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