8618 Chicago Ave SBloomingtonMN55420
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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 8618 Chicago Ave S, Bloomington, MN, 55420 offers a 11.43% rental yield on a $250,000 purchase with $2,382/mo rent. Total monthly income registers $2,382/mo, and a $1,224/mo payment leaves $821/mo available for distribution. Annual cash flow reaches $9,846/yr on $82,875 to close, and return on cash invested stands at 31.79% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 166.64% and total cumulative return in cash at $138,106. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,382/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
10,454 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
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Listed by: Ray Stenger • Keller Williams Classic Rlty NW
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822144