6824 Eliot View RdSaint Louis ParkMN55426
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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 Saint Louis Park at 6824 Eliot View Rd, Saint Louis Park, MN, 55426 uses $140,854 cash to close to unlock $9,545/yr annual cash flow and $795/mo monthly cash flow. Total monthly income runs $3,449/mo, and a $2,080/mo payment keeps the spread at $795/mo. Purchase price stands at $424,900, and rental yield measures 9.74% with $3,449/mo rent. Return on cash invested shows 26.69% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 139.27% and total cumulative return in cash records $196,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,449/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1953
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55426, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,507 (100%) |
| Owner Occupied HU | 7,030 (56.2%) |
| Renter Occupied HU | 4,846 (38.7%) |
| Vacant Housing Units | 631 ( 5.0%) |
| Median Home Value | $391,247 |
| Average Home Value | $451,864 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
7,737
Multi-Family
4,480
Businesses
933
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Listed by: Mary Carter • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821257