3640 Independence Ave S APT 61Saint Louis ParkMN55426
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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 Saint Louis Park at 3640 Independence Ave S APT 61, Saint Louis Park, MN, 55426 generates $2,084/mo in rent and, after a $1,273/mo payment, leaves $460/mo in cash flow. Total monthly income is $2,084/mo, and annual cash flow is $5,520/yr on $86,190 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.62% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 137.24% and total cumulative return in cash sums $118,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,084/mo property income rather than buyer’s personal income.
Townhouse
Built in 1981
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55426, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,507 (100%) |
| Owner Occupied HU | 7,030 (56.2%) |
| Renter Occupied HU | 4,846 (38.7%) |
| Vacant Housing Units | 631 ( 5.0%) |
| Median Home Value | $391,247 |
| Average Home Value | $451,864 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
7,737
Multi-Family
4,480
Businesses
933
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Listed by: Brian Pejka • Keller Williams Realty Diversified
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807570