6950 Kenmare DrBloomingtonMN55438
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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
Rental property for sale in Bloomington at 6950 Kenmare Dr, Bloomington, MN, 55438 generates $3,558/mo in rent, after a $8,786/mo payment. Total monthly income is $3,558/mo. Return on cash invested sits at 4.51% in year one, and rental yield is 2.38% on a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation builds toward $495,925 over five years. Five-year ROI reaches 20.29% and total cumulative return in cash sums $117,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,558/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
2.10 Acres lot
$N/A/sqft
$33 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55438, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,444 (69.7%) |
| Renter Occupied HU | 1,909 (24.4%) |
| Vacant Housing Units | 457 ( 5.9%) |
| Median Home Value | $492,032 |
| Average Home Value | $545,876 |
Housing Distribution
Address Breakdown
Residential
7,806
Single Family
5,731
Multi-Family
2,075
Businesses
318
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