609 Chicago DrBurnsvilleMN55306
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 609 Chicago Dr, Burnsville, MN, 55306 in Burnsville hard to pass up. The 11.33% gross yield on a $459,900 purchase results in $4,342/mo in rent and $1,470/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.10). Annual cash flow of $17,637, five-year appreciation of $127,062, and $4,236/yr in equity build-up combine for a projected total cumulative return of $269,147.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 5.8% |
| Monthly Cash Flow | $1,470 | $420 |
City averages based on Burnsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,342 |
| Total Monthly Debt Service | $2,689 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John C Prins • RE/MAX Preferred
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6815352