3608 31st 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
Rental property for sale in Robbinsdale at 3608 31st Ave N, Robbinsdale, MN, 55422 generates $2,672/mo in rent and, after a $1,498/mo payment, leaves $761/mo in cash flow. Total monthly income is $2,672/mo, and annual cash flow is $9,131/yr on $101,439 invested. Return on cash invested sits at 28.91% in year one, and rental yield is 10.48% on a $306,000 entry. Equity gained on principal adds $1,975/yr, while 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 151.17% and total cumulative return in cash sums $153,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,672/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
6,969 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: Linda M Wallin • Renters Warehouse
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6799586