8549 Irwin Rd APT 235BloomingtonMN55437
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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 8549 Irwin Rd APT 235, Bloomington, MN, 55437 offers a 8.17% rental yield on a $219,000 purchase with $1,491/mo rent. Total monthly income registers $1,491/mo, and a $1,072/mo payment leaves $123/mo available for distribution. Annual cash flow reaches $1,480/yr on $72,599 to close, and return on cash invested stands at 21.95% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 113.88% and total cumulative return in cash at $82,677. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,491/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
5.89 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: Judy Pletcher • Lakes Area Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6754528