3617 76th Ln EInver 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
Rental property for sale in Inver Grove Heights at 3617 76th Ln E, Inver Grove Heights, MN, 55076 generates $2,160/mo in rent, after a $1,991/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 16.53% in year one, and rental yield is 6.37% on a $406,875 entry. Equity gained on principal adds $2,626/yr, while 5% annual appreciation builds toward $112,412 over five years. Five-year ROI reaches 84.78% and total cumulative return in cash sums $114,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
1,481 sqft 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: Svetlana Kalinowski • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6813608