838 Elm StAnokaMN55303
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 838 Elm St, Anoka, MN, 55303 in Anoka at $249,888 earns $1,740/mo in rent and nets $180/mo after the $1,124/mo payment, a 8.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $69,039 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $2,301/yr in principal paydown, total projected return reaches $106,369.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $180 | $250 |
City averages based on Anoka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,740 |
| Total Monthly Debt Service | $1,461 |
| DSCR Ratio | 1.19x |
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.
Single Family
Built in 1952
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55303, Anoka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,533 (100%) |
| Owner Occupied HU | 14,765 (71.9%) |
| Renter Occupied HU | 5,139 (25.0%) |
| Vacant Housing Units | 629 ( 3.1%) |
| Median Home Value | $384,834 |
| Average Home Value | $425,564 |
Housing Distribution
Address Breakdown
Residential
20,469
Single Family
16,681
Multi-Family
3,788
Businesses
1,270
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
Single Family
Built in 1952
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55303, Anoka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,533 (100%) |
| Owner Occupied HU | 14,765 (71.9%) |
| Renter Occupied HU | 5,139 (25.0%) |
| Vacant Housing Units | 629 ( 3.1%) |
| Median Home Value | $384,834 |
| Average Home Value | $425,564 |
Housing Distribution
Address Breakdown
Residential
20,469
Single Family
16,681
Multi-Family
3,788
Businesses
1,270
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices