512 3rd St NBrook ParkMN55007
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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 Brook Park at 512 3rd St N, Brook Park, MN, 55007 uses $41,404 cash to close to unlock $1,985/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $945/mo, and a $611/mo payment keeps the spread at $165/mo. Purchase price stands at $124,900, and rental yield measures 9.08% with $945/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 128.68% and total cumulative return in cash records $53,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $945/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55007, Brook Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,146 (100%) |
| Owner Occupied HU | 856 (74.7%) |
| Renter Occupied HU | 102 ( 8.9%) |
| Vacant Housing Units | 188 (16.4%) |
| Median Home Value | $264,063 |
| Average Home Value | $280,041 |
Housing Distribution
Address Breakdown
Residential
1,061
Single Family
1,061
Multi-Family
0
Businesses
8
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Listed by: Rob Reinke • Fish MLS Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6719774
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