7612 Elm Grove CirNew HopeMN55428
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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
Investment property for sale in New Hope at 7612 Elm Grove Cir, New Hope, MN, 55428 offers a 13.22% rental yield on a $298,600 purchase with $3,290/mo rent. Total monthly income registers $3,290/mo, and a $1,462/mo payment leaves $1,158/mo available for distribution. Annual cash flow reaches $13,899/yr on $98,986 to close, and return on cash invested stands at 33.95% in year one. Equity gained on principal adds $1,927/yr while 5% annual appreciation supports $82,498 over five years. Portfolio math shows five-year ROI at 179.41% and total cumulative return in cash at $177,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,290/mo property income against a $1,462/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2004
43 sqft lot
$N/A/sqft
$195 monthly 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
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