4201 Sunset Dr #N308Spring ParkMN55384
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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 Spring Park at 4201 Sunset Dr #N308, Spring Park, MN, 55384 generates $2,311/mo in rent, after a $2,315/mo payment. Total monthly income is $2,311/mo. Return on cash invested sits at 14.99% in year one, and rental yield is 5.86% on a $473,000 entry. Equity gained on principal adds $3,052/yr, while 5% annual appreciation builds toward $130,681 over five years. Five-year ROI reaches 76.56% and total cumulative return in cash sums $120,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,311/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55384, Spring Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,125 (100%) |
| Owner Occupied HU | 235 (20.9%) |
| Renter Occupied HU | 775 (68.9%) |
| Vacant Housing Units | 115 (10.2%) |
| Median Home Value | $775,943 |
| Average Home Value | $873,330 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
296
Multi-Family
822
Businesses
118
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Listed by: Cynthia K Froid • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6789257