7878 Austin WayInver Grove HeightsMN55077
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
Rental property for sale in Inver Grove Heights at 7878 Austin Way, Inver Grove Heights, MN, 55077 offers $4,800/mo rent that, after a $2,938/mo payment, leaves $1,052/mo cash flow. Total monthly income is $4,800/mo, and annual cash flow is $12,621/yr on $197,464 cash. Return on cash invested measures 26.45% in year one, and rental yield stands at 9.6% at a $600,195 entry. Equity gained on principal adds $3,873/yr while 5% annual appreciation compounds into $165,823 by year five. Five-year ROI records 137.97% and total cumulative return in cash reaches $272,437. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,800/mo property income versus a $2,938/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55077, Inver Grove Heights, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,829 (100%) |
| Owner Occupied HU | 3,506 (60.1%) |
| Renter Occupied HU | 2,076 (35.6%) |
| Vacant Housing Units | 247 ( 4.2%) |
| Median Home Value | $569,066 |
| Average Home Value | $584,829 |
Housing Distribution
Address Breakdown
Residential
5,786
Single Family
4,015
Multi-Family
1,771
Businesses
175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becca Kromer • Brandl/Anderson Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6756467