6337 16th Ave SRichfieldMN55423
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
Investment property for sale in Richfield at 6337 16th Ave S, Richfield, MN, 55423 listed at $452,300 pairs $3,326/mo rent with a $2,214/mo payment to leave $438/mo cash flow. Total monthly income runs $3,326/mo, and annual cash flow reaches $5,261/yr on $149,937 cash to close. Return on cash invested measures 23.42% in year one, and rental yield registers 8.82% at a $452,300 basis. Equity gained on principal adds $2,919/yr, and annual property appreciation at 5% supports $124,962 by year five. Five-year ROI tracks 121.93% and total cumulative return in cash totals $182,816. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,326/mo property income relative to a $2,214/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
1,290 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55423, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,808 (100%) |
| Owner Occupied HU | 9,381 (52.7%) |
| Renter Occupied HU | 7,341 (41.2%) |
| Vacant Housing Units | 1,086 ( 6.1%) |
| Median Home Value | $351,679 |
| Average Home Value | $389,345 |
Housing Distribution
Address Breakdown
Residential
16,892
Single Family
10,466
Multi-Family
6,426
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices