6844 Sheridan Ave SRichfieldMN55423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6844 Sheridan Ave S, Richfield, MN, 55423 priced at $316,900 converts $2,220/mo rent into $198/mo cash flow after a $1,551/mo obligation. Total monthly income equals $2,220/mo, and annual cash flow totals $2,381/yr on $105,052 invested. Return on cash invested prints 22.18% in year one, and rental yield reads 8.41% against a $316,900 entry. Equity gained on principal adds $2,045/yr, while 5% annual appreciation compiles into $87,554 by year five. Five-year ROI reaches 115.27% and total cumulative return in cash sums $121,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,551/mo payment, not borrower’s personal income.
Single Family
Built in 1948
5,662 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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Nearby investment properties with comparable prices
Listed by: Aaron W Ritchie • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6682230
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