8441 Irwin Rd APT 202BloomingtonMN55437
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 8441 Irwin Rd APT 202, Bloomington, MN, 55437 earns $784/mo cash flow from $2,094/mo rent with a $1,027/mo payment. Total monthly income totals $2,094/mo, and annual cash flow totals $9,404/yr on $69,582 capital. ROI tracks 33.42% on current figures, and rental yield reads 11.97% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 175.4% and total cumulative return in cash sums $122,048. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,094/mo property income instead of your personal income.
Condo
Built in 1976
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55437, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,672 (100%) |
| Owner Occupied HU | 5,613 (64.7%) |
| Renter Occupied HU | 2,788 (32.1%) |
| Vacant Housing Units | 271 ( 3.1%) |
| Median Home Value | $421,902 |
| Average Home Value | $461,166 |
Housing Distribution
Address Breakdown
Residential
9,087
Single Family
5,577
Multi-Family
3,510
Businesses
302
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Listed by: Jacqueline Day & Partners Sara Kranz 612-968-8808 • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6793572