7009 Cedar Lake Rd SMinneapolisMN55426
Nearby investment properties with comparable rents
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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 Minneapolis at 7009 Cedar Lake Rd S, Minneapolis, MN, 55426 generates $3,449/mo in rent and, after a $1,700/mo payment, leaves $1,280/mo in cash flow. Total monthly income is $3,449/mo, and annual cash flow is $15,360/yr on $115,163 invested. Return on cash invested sits at 33.25% in year one, and rental yield is 11.91% on a $347,400 entry. Equity gained on principal adds $2,242/yr, while 5% annual appreciation builds toward $95,980 over five years. Five-year ROI reaches 174.48% and total cumulative return in cash sums $200,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,449/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
8,712 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: Rick Tonjum • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825222