6237 Lee Ave NBrooklyn CenterMN55429
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 Brooklyn Center at 6237 Lee Ave N, Brooklyn Center, MN, 55429 priced at $395,000 converts $3,534/mo rent into $1,068/mo cash flow after a $1,933/mo obligation. Total monthly income equals $3,534/mo, and annual cash flow totals $12,813/yr on $130,943 invested. Return on cash invested prints 29.69% in year one, and rental yield reads 10.74% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 155.39% and total cumulative return in cash sums $203,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,534/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55429, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 5,911 (56.0%) |
| Renter Occupied HU | 4,372 (41.4%) |
| Vacant Housing Units | 280 ( 2.7%) |
| Median Home Value | $292,784 |
| Average Home Value | $349,801 |
Housing Distribution
Address Breakdown
Residential
10,664
Single Family
7,143
Multi-Family
3,521
Businesses
562
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terry L. Buchanan • Keller Williams Classic Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6616331
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 07:06:27 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)