4201 Lakeside Ave N APT 317Brooklyn CenterMN55429
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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 Brooklyn Center at 4201 Lakeside Ave N APT 317, Brooklyn Center, MN, 55429 generates $797/mo in rent, after a $489/mo payment. Total monthly income is $797/mo. Return on cash invested sits at 0.91% in year one, and rental yield is 9.56% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 10.36% and total cumulative return in cash sums $3,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $797/mo property income rather than buyer’s personal income.
Condo
Built in 1971
5.12 Acres lot
$N/A/sqft
$662 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55429, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 5,911 (56.0%) |
| Renter Occupied HU | 4,372 (41.4%) |
| Vacant Housing Units | 280 ( 2.7%) |
| Median Home Value | $292,784 |
| Average Home Value | $349,801 |
Housing Distribution
Address Breakdown
Residential
10,664
Single Family
7,143
Multi-Family
3,521
Businesses
562
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Nearby investment properties with comparable prices
Listed by: Sarah M Balestri • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6722172
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