602 84th Ln NWCoon RapidsMN55433
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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 Coon Rapids at 602 84th Ln NW, Coon Rapids, MN, 55433 offers a 9.61% rental yield on a $269,000 purchase with $2,154/mo rent. Total monthly income registers $2,154/mo, and a $1,317/mo payment leaves $474/mo available for distribution. Annual cash flow reaches $5,686/yr on $89,174 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 137.1% and total cumulative return in cash at $122,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,154/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55433, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,906 (100%) |
| Owner Occupied HU | 9,704 (65.1%) |
| Renter Occupied HU | 4,830 (32.4%) |
| Vacant Housing Units | 372 ( 2.5%) |
| Median Home Value | $330,802 |
| Average Home Value | $345,487 |
Housing Distribution
Address Breakdown
Residential
14,605
Single Family
10,865
Multi-Family
3,740
Businesses
648
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Listed by: Khalid S. Eljarushi • RES Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7011690