3460 Pilgrim Ln NPlymouthMN55441
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 Plymouth at 3460 Pilgrim Ln N, Plymouth, MN, 55441 offers a 7.31% rental yield on a $300,000 purchase with $1,828/mo rent. 13% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 88.83% and total cumulative return in cash at $88,344. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,828/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1981
N/A lot
$N/A/sqft
$185 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55441, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,220 (100%) |
| Owner Occupied HU | 4,409 (53.6%) |
| Renter Occupied HU | 3,378 (41.1%) |
| Vacant Housing Units | 433 ( 5.3%) |
| Median Home Value | $489,344 |
| Average Home Value | $556,378 |
Housing Distribution
Address Breakdown
Residential
8,208
Single Family
5,095
Multi-Family
3,113
Businesses
899
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Nearby investment properties with comparable prices
Listed by: Michael S DePesa • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6755381
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