6298 Merrimac Ln NMaple GroveMN55311
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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
Rental property for sale in Maple Grove at 6298 Merrimac Ln N, Maple Grove, MN, 55311 priced at $990,400 pairs $6,468/mo rent with $96/mo cash flow after a $4,848/mo payment. Total monthly income equals $6,468/mo, and annual cash flow comes to $1,152/yr on $325,842 invested. Return on cash invested is 20.41% in year one, and rental yield stands at 7.84% on a $990,400 basis. Equity gained on principal adds $6,391/yr, and 5% annual appreciation accumulates to $273,629 by year five. Five-year ROI measures 105.85% and total cumulative return in cash reaches $344,894. For financing, Ziffy Mortgage’s DSCR program evaluates $6,468/mo property income against a $4,848/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
1.23 Acres lot
$N/A/sqft
$130 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55311, Osseo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,174 (100%) |
| Owner Occupied HU | 11,728 (82.7%) |
| Renter Occupied HU | 2,113 (14.9%) |
| Vacant Housing Units | 333 ( 2.3%) |
| Median Home Value | $529,294 |
| Average Home Value | $562,556 |
Housing Distribution
Address Breakdown
Residential
14,583
Single Family
13,508
Multi-Family
1,075
Businesses
526
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A