6640 Vincent 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
Rental property for sale in Richfield at 6640 Vincent Ave S, Richfield, MN, 55423 priced at $227,000 converts $1,549/mo rent into $132/mo cash flow after a $1,111/mo obligation. Total monthly income equals $1,549/mo, and annual cash flow totals $1,579/yr on $75,251 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 8.19% against a $227,000 entry. Equity gained on principal adds $1,465/yr, while 5% annual appreciation compiles into $62,716 by year five. Five-year ROI reaches 114.18% and total cumulative return in cash sums $85,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,549/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Single Family
Built in 1947
6,534 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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