6918 Riverdale Dr NWRamseyMN55303
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 Ramsey at 6918 Riverdale Dr NW, Ramsey, MN, 55303 priced at $264,900 converts $1,970/mo rent into $57/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,970/mo, and annual cash flow totals $689/yr on $87,814 invested. Return on cash invested prints 20.69% in year one, and rental yield reads 8.92% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 108.43% and total cumulative return in cash sums $95,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,970/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
8,712 sqft lot
$N/A/sqft
$258 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55303, Anoka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,533 (100%) |
| Owner Occupied HU | 14,765 (71.9%) |
| Renter Occupied HU | 5,139 (25.0%) |
| Vacant Housing Units | 629 ( 3.1%) |
| Median Home Value | $384,834 |
| Average Home Value | $425,564 |
Housing Distribution
Address Breakdown
Residential
20,469
Single Family
16,681
Multi-Family
3,788
Businesses
1,270
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Listed by: James J Singewald • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6616941
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