4781 Blaine Ave Unit 408Inver Grove HeightsMN55076
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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 Inver Grove Heights at 4781 Blaine Ave Unit 408, Inver Grove Heights, MN, 55076 uses $96,061 cash to close to unlock $4,210/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,418/mo payment keeps the spread at $351/mo. Purchase price stands at $289,777, and rental yield measures 8.94% with $2,160/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $80,060 over five years. Five-year ROI reaches 126.43% and total cumulative return in cash records $121,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,418/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
43.56 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55076, Inver Grove Heights, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,394 (100%) |
| Owner Occupied HU | 7,073 (75.3%) |
| Renter Occupied HU | 2,090 (22.2%) |
| Vacant Housing Units | 231 ( 2.5%) |
| Median Home Value | $377,655 |
| Average Home Value | $408,391 |
Housing Distribution
Address Breakdown
Residential
9,409
Single Family
8,032
Multi-Family
1,377
Businesses
409
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Listed by: Thomas J. Ott • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010494