4371 Wilshire Blvd #308MoundMN55364
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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
Investment property for sale in Mound at 4371 Wilshire Blvd #308, Mound, MN, 55364 uses $41,438 cash to close to unlock $2,367/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $978/mo, and a $612/mo payment keeps the spread at $197/mo. Purchase price stands at $125,000, and rental yield measures 9.39% with $978/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 133.63% and total cumulative return in cash records $55,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $978/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1969
7.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55364, Mound, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,556 (100%) |
| Owner Occupied HU | 4,995 (76.2%) |
| Renter Occupied HU | 1,058 (16.1%) |
| Vacant Housing Units | 503 ( 7.7%) |
| Median Home Value | $619,218 |
| Average Home Value | $742,224 |
Housing Distribution
Address Breakdown
Residential
6,664
Single Family
5,915
Multi-Family
749
Businesses
270
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