6425 Major Ave NBrooklyn CenterMN55429
Nearby investment properties with comparable rents
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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 Center at 6425 Major Ave N, Brooklyn Center, MN, 55429 uses $111,053 cash to close to unlock $11,088/yr annual cash flow and $924/mo monthly cash flow. Total monthly income runs $3,095/mo, and a $1,640/mo payment keeps the spread at $924/mo. Purchase price stands at $335,000, and rental yield measures 11.09% with $3,095/mo rent. Return on cash invested shows 29.89% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 156.8% and total cumulative return in cash records $174,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,095/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1969
10,454 sqft 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: Jessica Wagner • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6735870
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