6342 84th Ct NBrooklyn ParkMN55445
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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 6342 84th Ct N, Brooklyn Park, MN, 55445 uses $59,670 cash to close to unlock $3,852/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,445/mo, and a $881/mo payment keeps the spread at $321/mo. Purchase price stands at $180,000, and rental yield measures 9.63% with $1,445/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 137.52% and total cumulative return in cash records $82,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,445/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55445, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,694 (100%) |
| Owner Occupied HU | 3,543 (75.5%) |
| Renter Occupied HU | 1,004 (21.4%) |
| Vacant Housing Units | 147 ( 3.1%) |
| Median Home Value | $364,311 |
| Average Home Value | $424,820 |
Housing Distribution
Address Breakdown
Residential
4,704
Single Family
4,066
Multi-Family
638
Businesses
411
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Listed by: Jessica Moscho • Keller Williams Classic Rlty NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821349