518 Western StAnokaMN55303
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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 Anoka at 518 Western St, Anoka, MN, 55303 priced at $280,600 converts $3,073/mo rent into $1,321/mo cash flow after a $1,373/mo obligation. Total monthly income equals $3,073/mo, and annual cash flow totals $15,854/yr on $93,019 invested. Return on cash invested prints 36.95% in year one, and rental yield reads 13.14% against a $280,600 entry. Equity gained on principal adds $1,811/yr, while 5% annual appreciation compiles into $77,525 by year five. Five-year ROI reaches 194.35% and total cumulative return in cash sums $180,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,073/mo property income covering a $1,373/mo payment, not borrower’s personal income.
Single Family
Built in 1959
6,724 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55303, Anoka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,533 (100%) |
| Owner Occupied HU | 14,765 (71.9%) |
| Renter Occupied HU | 5,139 (25.0%) |
| Vacant Housing Units | 629 ( 3.1%) |
| Median Home Value | $384,834 |
| Average Home Value | $425,564 |
Housing Distribution
Address Breakdown
Residential
20,469
Single Family
16,681
Multi-Family
3,788
Businesses
1,270
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