4860 Park Commons Dr APT 206Saint 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
Investment property for sale in Saint Louis Park at 4860 Park Commons Dr APT 206, Saint Louis Park, MN, 55416 uses $66,267 cash to close to unlock $3,182/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $1,513/mo, and a $978/mo payment keeps the spread at $265/mo. Purchase price stands at $199,900, and rental yield measures 9.08% with $1,513/mo rent. Return on cash invested shows 24.71% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 128.72% and total cumulative return in cash records $85,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,513/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1972
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: Zachary Robb • Premier Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6754741