8331 3rd Ave SBloomingtonMN55420
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
Investment property for sale in Bloomington at 8331 3rd Ave S, Bloomington, MN, 55420 uses $87,151 cash to close to unlock $1,681/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $1,287/mo payment keeps the spread at $140/mo. Purchase price stands at $262,900, and rental yield measures 8.13% with $1,782/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $72,634 over five years. Five-year ROI reaches 113.31% and total cumulative return in cash records $98,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $1,287/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55420, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,697 (100%) |
| Owner Occupied HU | 5,853 (60.4%) |
| Renter Occupied HU | 3,495 (36.0%) |
| Vacant Housing Units | 349 ( 3.6%) |
| Median Home Value | $335,224 |
| Average Home Value | $366,745 |
Housing Distribution
Address Breakdown
Residential
9,524
Single Family
6,310
Multi-Family
3,214
Businesses
1,000
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Garth H Johnson • The Realty House
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788092