3220 Colorado Ave SSaint Louis ParkMN55416
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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 3220 Colorado Ave S, Saint Louis Park, MN, 55416 uses $137,573 cash to close to unlock $11,541/yr annual cash flow and $962/mo monthly cash flow. Total monthly income runs $3,553/mo, and a $2,031/mo payment keeps the spread at $962/mo. Purchase price stands at $415,000, and rental yield measures 10.27% with $3,553/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 147.89% and total cumulative return in cash records $203,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,553/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1922
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55416, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,342 (100%) |
| Owner Occupied HU | 8,308 (40.8%) |
| Renter Occupied HU | 10,114 (49.7%) |
| Vacant Housing Units | 1,920 ( 9.4%) |
| Median Home Value | $532,918 |
| Average Home Value | $587,316 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Peter Trinh • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6756369