613 Sullivan Dr NEColumbia HeightsMN55421
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
Investment Highlights
Rental property for sale in Columbia Heights at 613 Sullivan Dr NE, Columbia Heights, MN, 55421 priced at $289,900 converts $2,575/mo rent into $765/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,575/mo, and annual cash flow totals $9,176/yr on $96,102 invested. Return on cash invested prints 29.46% in year one, and rental yield reads 10.66% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 154.12% and total cumulative return in cash sums $148,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,575/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
2,744 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
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Listed by: Susan Walker • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6817503