7224 Florida Ave NBrooklyn ParkMN55428
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
Investment property for sale in Brooklyn Park at 7224 Florida Ave N, Brooklyn Park, MN, 55428 uses $117,683 cash to close to unlock $1,761/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $2,364/mo, and a $1,738/mo payment keeps the spread at $147/mo. Purchase price stands at $355,000, and rental yield measures 7.99% with $2,364/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 110.94% and total cumulative return in cash records $130,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,364/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55428, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,649 (100%) |
| Owner Occupied HU | 6,926 (54.8%) |
| Renter Occupied HU | 5,227 (41.3%) |
| Vacant Housing Units | 496 ( 3.9%) |
| Median Home Value | $314,013 |
| Average Home Value | $337,826 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
8,677
Multi-Family
3,773
Businesses
1,083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maiker Xiong • Five Star Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822485