609 Chicago DrBurnsvilleMN55306
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Nearby investment properties with comparable prices
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 Burnsville at 609 Chicago Dr, Burnsville, MN, 55306 priced at $459,900 pairs $4,342/mo rent with $1,470/mo cash flow after a $2,251/mo payment. Total monthly income equals $4,342/mo, and annual cash flow comes to $17,642/yr on $152,457 invested. Return on cash invested is 31.48% in year one, and rental yield stands at 11.33% on a $459,900 basis. Equity gained on principal adds $2,968/yr, and 5% annual appreciation accumulates to $127,062 by year five. Five-year ROI measures 164.99% and total cumulative return in cash reaches $251,538. For financing, Ziffy Mortgage’s DSCR program evaluates $4,342/mo property income against a $2,251/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55306, Burnsville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,247 (100%) |
| Owner Occupied HU | 4,229 (58.4%) |
| Renter Occupied HU | 2,727 (37.6%) |
| Vacant Housing Units | 291 ( 4.0%) |
| Median Home Value | $434,446 |
| Average Home Value | $456,751 |
Housing Distribution
Address Breakdown
Residential
7,481
Single Family
4,308
Multi-Family
3,173
Businesses
383
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Listed by: John C Prins • RE/MAX Preferred
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6815352