6345 13th Ave SRichfieldMN55423
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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 Richfield at 6345 13th Ave S, Richfield, MN, 55423 listed at $319,000 pairs $3,152/mo rent with a $1,561/mo payment to leave $1,160/mo cash flow. Total monthly income runs $3,152/mo, and annual cash flow reaches $13,924/yr on $105,749 cash to close. Return on cash invested measures 33.08% in year one, and rental yield registers 11.86% at a $319,000 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,134 by year five. Five-year ROI tracks 173.55% and total cumulative return in cash totals $183,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,152/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
10,018 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
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