625 47th Ave NEColumbia HeightsMN55421
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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 Columbia Heights at 625 47th Ave NE, Columbia Heights, MN, 55421 uses $82,875 cash to close to unlock $1,518/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,688/mo, and a $1,224/mo payment keeps the spread at $127/mo. Purchase price stands at $250,000, and rental yield measures 8.1% with $1,688/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.76% and total cumulative return in cash records $93,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.32 Acres 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: Jessica Satre • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6792517