4618 Cedar Lake Rd #6Saint Louis ParkMN55416
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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 4618 Cedar Lake Rd #6, Saint Louis Park, MN, 55416 generates $1,986/mo in rent and, after a $1,040/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,986/mo, and annual cash flow is $2,522/yr on $70,444 invested. Return on cash invested sits at 23.49% in year one, and rental yield is 11.22% on a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 124.95% and total cumulative return in cash sums $88,016. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,986/mo property income rather than buyer’s personal income.
Condo
Built in 1973
15.80 Acres lot
$N/A/sqft
$449 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55416, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,342 (100%) |
| Owner Occupied HU | 8,308 (40.8%) |
| Renter Occupied HU | 10,114 (49.7%) |
| Vacant Housing Units | 1,920 ( 9.4%) |
| Median Home Value | $532,918 |
| Average Home Value | $587,316 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Ryan A Haagenson • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6600904
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