6051 W Broadway Ave APT 306New HopeMN55428
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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 New Hope at 6051 W Broadway Ave APT 306, New Hope, MN, 55428 earns $669/mo cash flow from $1,434/mo rent with a $600/mo payment. Total monthly income totals $1,434/mo, and annual cash flow totals $8,024/yr on $40,609 capital. ROI tracks 39.67% on current figures, and rental yield reads 14.05% at a $122,500 purchase. Equity gained on principal adds $790/yr, and 5% annual appreciation supports $33,844 over five years. Five-year ROI reaches 208.92% and total cumulative return in cash sums $84,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,434/mo property income instead of your personal income.
Condo
Built in 1979
3.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55428, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,649 (100%) |
| Owner Occupied HU | 6,926 (54.8%) |
| Renter Occupied HU | 5,227 (41.3%) |
| Vacant Housing Units | 496 ( 3.9%) |
| Median Home Value | $314,013 |
| Average Home Value | $337,826 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
8,677
Multi-Family
3,773
Businesses
1,083
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