7835 Elm Grove CtNew HopeMN55428
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 New Hope at 7835 Elm Grove Ct, New Hope, MN, 55428 earns from $2,004/mo rent with a $1,394/mo payment. Total monthly income totals $2,004/mo. ROI tracks 16.24% on current figures, and rental yield reads 8.44% at a $284,900 purchase. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 over five years. Five-year ROI reaches 85.65% and total cumulative return in cash sums $80,891. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,004/mo property income instead of your personal income.
Townhouse
Built in 2004
1,306 sqft lot
$N/A/sqft
$456 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam K Anim • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6700594
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