6308 Welcome Ave NBrooklyn ParkMN55429
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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 Brooklyn Park at 6308 Welcome Ave N, Brooklyn Park, MN, 55429 earns $1,362/mo cash flow from $2,710/mo rent with a $1,018/mo payment. Total monthly income totals $2,710/mo, and annual cash flow totals $16,339/yr on $68,952 capital. ROI tracks 43.61% on current figures, and rental yield reads 15.63% at a $208,000 purchase. Equity gained on principal adds $1,342/yr, and 5% annual appreciation supports $57,467 over five years. Five-year ROI reaches 230.33% and total cumulative return in cash sums $158,820. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,710/mo property income instead of your personal income.
Townhouse
Built in N/A
N/A 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
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A