8037 Xerxes Ave S UNIT 234BloomingtonMN55431
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 12.22% yield at 8037 Xerxes Ave S UNIT 234, Bloomington, MN, 55431 in Bloomington is solid, but the $809/mo payment compresses net cash flow to $100/mo at $179,999. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $49,730 by year five, and $1,658/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.27) without U.S. income documentation. Total projected return: $77,467.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 5.2% |
| Monthly Cash Flow | $100 | $450 |
City averages based on Bloomington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,834 |
| Total Monthly Debt Service | $1,662 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
N/A lot
$N/A/sqft
$596 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55431, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,161 (100%) |
| Owner Occupied HU | 5,743 (62.7%) |
| Renter Occupied HU | 3,016 (32.9%) |
| Vacant Housing Units | 402 ( 4.4%) |
| Median Home Value | $371,100 |
| Average Home Value | $426,014 |
Housing Distribution
Address Breakdown
Residential
8,891
Single Family
6,180
Multi-Family
2,711
Businesses
704
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
Condo
Built in 1984
N/A lot
$N/A/sqft
$596 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55431, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,161 (100%) |
| Owner Occupied HU | 5,743 (62.7%) |
| Renter Occupied HU | 3,016 (32.9%) |
| Vacant Housing Units | 402 ( 4.4%) |
| Median Home Value | $371,100 |
| Average Home Value | $426,014 |
Housing Distribution
Address Breakdown
Residential
8,891
Single Family
6,180
Multi-Family
2,711
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices