510 78th Ave NESpring Lake ParkMN55432
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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 Spring Lake Park at 510 78th Ave NE, Spring Lake Park, MN, 55432 offers a 8.56% rental yield on a $227,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $1,111/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,431/yr on $75,251 to close, and return on cash invested stands at 23.14% in year one. Equity gained on principal adds $1,465/yr while 5% annual appreciation supports $62,716 over five years. Portfolio math shows five-year ROI at 120.26% and total cumulative return in cash at $90,493. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
0.03 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55432, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,131 (100%) |
| Owner Occupied HU | 8,278 (58.6%) |
| Renter Occupied HU | 5,439 (38.5%) |
| Vacant Housing Units | 414 ( 2.9%) |
| Median Home Value | $337,021 |
| Average Home Value | $345,828 |
Housing Distribution
Address Breakdown
Residential
13,926
Single Family
9,630
Multi-Family
4,296
Businesses
994
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Listed by: Peter T. Heryla, GRI • RE/MAX Synergy
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6750466