8016 Aster DrMinneapolisMN55428
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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 Minneapolis at 8016 Aster Dr, Minneapolis, MN, 55428 offers a 9.5% rental yield on a $375,000 purchase with $2,968/mo rent. Total monthly income registers $2,968/mo, and a $1,835/mo payment leaves $627/mo available for distribution. Annual cash flow reaches $7,521/yr on $124,313 to close, and return on cash invested stands at 25.96% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 135.36% and total cumulative return in cash at $168,267. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,968/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.31 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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Listed by: Taylor Foster • JPW Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821760