3295 80th St E APT 508Inver Grove HeightsMN55076
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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 Inver Grove Heights at 3295 80th St E APT 508, Inver Grove Heights, MN, 55076 uses $59,637 cash to close to unlock $3,194/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,390/mo, and a $881/mo payment keeps the spread at $266/mo. Purchase price stands at $179,900, and rental yield measures 9.27% with $1,390/mo rent. Return on cash invested shows 25.26% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 131.71% and total cumulative return in cash records $78,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,390/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55076, Inver Grove Heights, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,394 (100%) |
| Owner Occupied HU | 7,073 (75.3%) |
| Renter Occupied HU | 2,090 (22.2%) |
| Vacant Housing Units | 231 ( 2.5%) |
| Median Home Value | $377,655 |
| Average Home Value | $408,391 |
Housing Distribution
Address Breakdown
Residential
9,409
Single Family
8,032
Multi-Family
1,377
Businesses
409
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Listed by: Tab Nesser • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6752858