8614 Tessman Ct NBrooklyn ParkMN55445
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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 Brooklyn Park at 8614 Tessman Ct N, Brooklyn Park, MN, 55445 uses $152,490 cash to close to unlock $42,708/yr annual cash flow and $3,559/mo monthly cash flow. Total monthly income runs $6,431/mo, and a $2,251/mo payment keeps the spread at $3,559/mo. Purchase price stands at $460,000, and rental yield measures 16.78% with $6,431/mo rent. Return on cash invested shows 47.92% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 253.09% and total cumulative return in cash records $385,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,431/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 2014
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55445, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,694 (100%) |
| Owner Occupied HU | 3,543 (75.5%) |
| Renter Occupied HU | 1,004 (21.4%) |
| Vacant Housing Units | 147 ( 3.1%) |
| Median Home Value | $364,311 |
| Average Home Value | $424,820 |
Housing Distribution
Address Breakdown
Residential
4,704
Single Family
4,066
Multi-Family
638
Businesses
411
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Listed by: Kris Lindahl • Kris Lindahl Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6774947