7729 Elm Grove AveNew 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 7729 Elm Grove Ave, New Hope, MN, 55428 earns $768/mo cash flow from $2,392/mo rent with a $1,273/mo payment. Total monthly income totals $2,392/mo, and annual cash flow totals $9,216/yr on $86,190 capital. ROI tracks 30.6% on current figures, and rental yield reads 11.04% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 160.24% and total cumulative return in cash sums $138,113. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,392/mo property income instead of your personal income.
Townhouse
Built in 2004
0.35 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
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