7600 Lyndale Ave S APT 308RichfieldMN55423
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Richfield rental at 7600 Lyndale Ave S APT 308, Richfield, MN, 55423 sits in the solid-income band: 13.74% gross yield, $1,969/mo rent, $321/mo net after the $773/mo debt service, DSCR 2.55. Entry price of $172,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $47,520 and $1,584/yr in principal reduction bring total cumulative return to $88,436.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 6.0% |
| Monthly Cash Flow | $321 | $250 |
City averages based on Richfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,969 |
| Total Monthly Debt Service | $1,579 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
2.13 Acres lot
$N/A/sqft
$542 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55423, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,808 (100%) |
| Owner Occupied HU | 9,381 (52.7%) |
| Renter Occupied HU | 7,341 (41.2%) |
| Vacant Housing Units | 1,086 ( 6.1%) |
| Median Home Value | $351,679 |
| Average Home Value | $389,345 |
Housing Distribution
Address Breakdown
Residential
16,892
Single Family
10,466
Multi-Family
6,426
Businesses
704
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
Condo
Built in 2004
2.13 Acres lot
$N/A/sqft
$542 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55423, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,808 (100%) |
| Owner Occupied HU | 9,381 (52.7%) |
| Renter Occupied HU | 7,341 (41.2%) |
| Vacant Housing Units | 1,086 ( 6.1%) |
| Median Home Value | $351,679 |
| Average Home Value | $389,345 |
Housing Distribution
Address Breakdown
Residential
16,892
Single Family
10,466
Multi-Family
6,426
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Composto • Tradewind Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6723983
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