6904 Minnetonka BlvdSaint 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 6904 Minnetonka Blvd, Saint Louis Park, MN, 55426 offers a 7.32% rental yield on a $315,000 purchase with $1,921/mo rent. 38% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 100.06% and total cumulative return in cash at $104,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,921/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
5,227 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: Vicki A McGinty • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6817744