6300 Bay Ridge RdMoundMN55364
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 Mound at 6300 Bay Ridge Rd, Mound, MN, 55364 priced at $399,999 pairs $2,998/mo rent with $483/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,998/mo, and annual cash flow comes to $5,800/yr on $132,600 invested. Return on cash invested is 24.28% in year one, and rental yield stands at 8.99% on a $399,999 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,512 by year five. Five-year ROI measures 126.45% and total cumulative return in cash reaches $167,667. For financing, Ziffy Mortgage’s DSCR program evaluates $2,998/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55364, Mound, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,556 (100%) |
| Owner Occupied HU | 4,995 (76.2%) |
| Renter Occupied HU | 1,058 (16.1%) |
| Vacant Housing Units | 503 ( 7.7%) |
| Median Home Value | $619,218 |
| Average Home Value | $742,224 |
Housing Distribution
Address Breakdown
Residential
6,664
Single Family
5,915
Multi-Family
749
Businesses
270
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Nearby investment properties with comparable prices
Listed by: Scott Stabeck • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6692461
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