3448 Grimes Ave NRobbinsdaleMN55422
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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 Robbinsdale at 3448 Grimes Ave N, Robbinsdale, MN, 55422 offers a 11.09% rental yield on a $319,900 purchase with $2,957/mo rent. Total monthly income registers $2,957/mo, and a $1,566/mo payment leaves $959/mo available for distribution. Annual cash flow reaches $11,510/yr on $106,047 to close, and return on cash invested stands at 30.76% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 161.14% and total cumulative return in cash at $170,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,957/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55422, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,090 (100%) |
| Owner Occupied HU | 8,674 (66.3%) |
| Renter Occupied HU | 3,919 (29.9%) |
| Vacant Housing Units | 497 ( 3.8%) |
| Median Home Value | $367,824 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
12,826
Single Family
9,956
Multi-Family
2,870
Businesses
656
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Listed by: Lisa J. Proechel • Keller Williams Integrity Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7006000