8132 Fillmore St NESpring Lake ParkMN55432
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 Spring Lake Park at 8132 Fillmore St NE, Spring Lake Park, MN, 55432 priced at $475,000 converts $3,110/mo rent into $144/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,110/mo, and annual cash flow totals $1,725/yr on $157,463 invested. Return on cash invested prints 21% in year one, and rental yield reads 7.86% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 108.79% and total cumulative return in cash sums $171,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,110/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55432, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,131 (100%) |
| Owner Occupied HU | 8,278 (58.6%) |
| Renter Occupied HU | 5,439 (38.5%) |
| Vacant Housing Units | 414 ( 2.9%) |
| Median Home Value | $337,021 |
| Average Home Value | $345,828 |
Housing Distribution
Address Breakdown
Residential
13,926
Single Family
9,630
Multi-Family
4,296
Businesses
994
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Nearby investment properties with comparable prices
Listed by: Ryan Walseth - TAYLRD Real Estate • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6718355
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