6904 Ives Ln NMaple GroveMN55369
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6904 Ives Ln N, Maple Grove, MN, 55369 in Maple Grove speaks for itself: 11.19% gross on a $259,900 price, generating $2,423/mo in rent and $572/mo in net income after the $1,169/mo debt service. DSCR 2.07, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,862 stacks alongside $71,806 in projected five-year appreciation and $2,394/yr in principal reduction. Projected total cumulative return: $150,120.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.8% |
| Monthly Cash Flow | $572 | $285 |
City averages based on Maple Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,423 |
| Total Monthly Debt Service | $1,520 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1976
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55369, Osseo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,164 (100%) |
| Owner Occupied HU | 12,491 (68.8%) |
| Renter Occupied HU | 4,863 (26.8%) |
| Vacant Housing Units | 810 ( 4.5%) |
| Median Home Value | $405,220 |
| Average Home Value | $461,438 |
Housing Distribution
Address Breakdown
Residential
17,839
Single Family
13,985
Multi-Family
3,854
Businesses
1,528
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
Townhouse
Built in 1976
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55369, Osseo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,164 (100%) |
| Owner Occupied HU | 12,491 (68.8%) |
| Renter Occupied HU | 4,863 (26.8%) |
| Vacant Housing Units | 810 ( 4.5%) |
| Median Home Value | $405,220 |
| Average Home Value | $461,438 |
Housing Distribution
Address Breakdown
Residential
17,839
Single Family
13,985
Multi-Family
3,854
Businesses
1,528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gabrielle McCullough • Engel & Volkers Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6744979