3917 Heritage Hills Dr APT 204BloomingtonMN55437
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 Bloomington at 3917 Heritage Hills Dr APT 204, Bloomington, MN, 55437 offers a 9.19% rental yield on a $153,000 purchase with $1,172/mo rent. Total monthly income registers $1,172/mo, and a $749/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,597/yr on $50,720 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,271 over five years. Portfolio math shows five-year ROI at 130.41% and total cumulative return in cash at $66,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,172/mo property income against a $749/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55437, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,672 (100%) |
| Owner Occupied HU | 5,613 (64.7%) |
| Renter Occupied HU | 2,788 (32.1%) |
| Vacant Housing Units | 271 ( 3.1%) |
| Median Home Value | $421,902 |
| Average Home Value | $461,166 |
Housing Distribution
Address Breakdown
Residential
9,087
Single Family
5,577
Multi-Family
3,510
Businesses
302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah H. Johnson • Northstar Real Estate Associates
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6754199