8016 51st Ave NNew 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 8016 51st Ave N, New Hope, MN, 55428 listed at $167,400 pairs $1,281/mo rent with a $819/mo payment to leave $236/mo cash flow. Total monthly income runs $1,281/mo, and annual cash flow reaches $2,832/yr on $55,493 cash to close. Return on cash invested measures 25.01% in year one, and rental yield registers 9.18% at a $167,400 basis. Equity gained on principal adds $1,080/yr, and annual property appreciation at 5% supports $46,250 by year five. Five-year ROI tracks 130.37% and total cumulative return in cash totals $72,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,281/mo property income relative to a $819/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1962
1,306 sqft 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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