4820 Park Commons Dr APT 234Saint 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 4820 Park Commons Dr APT 234, Saint Louis Park, MN, 55416 generates $1,323/mo in rent and, after a $832/mo payment, leaves $262/mo in cash flow. Total monthly income is $1,323/mo, and annual cash flow is $3,138/yr on $56,355 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.34% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 132.8% and total cumulative return in cash sums $74,841. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,323/mo property income rather than buyer’s personal income.
Condo
Built in 1971
3.62 Acres lot
$N/A/sqft
No 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: Heather Rectenwal • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812109