862 Coon Rapids Boulevard Ext NWCoon RapidsMN55433
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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 Coon Rapids at 862 Coon Rapids Boulevard Ext NW, Coon Rapids, MN, 55433 listed at $268,500 pairs $2,507/mo rent with a $1,314/mo payment to leave $831/mo cash flow. Total monthly income runs $2,507/mo, and annual cash flow reaches $9,966/yr on $89,008 cash to close. Return on cash invested measures 31.11% in year one, and rental yield registers 11.2% at a $268,500 basis. Equity gained on principal adds $1,733/yr, and annual property appreciation at 5% supports $74,182 by year five. Five-year ROI tracks 162.99% and total cumulative return in cash totals $145,078. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,507/mo property income relative to a $1,314/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2001
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55433, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,906 (100%) |
| Owner Occupied HU | 9,704 (65.1%) |
| Renter Occupied HU | 4,830 (32.4%) |
| Vacant Housing Units | 372 ( 2.5%) |
| Median Home Value | $330,802 |
| Average Home Value | $345,487 |
Housing Distribution
Address Breakdown
Residential
14,605
Single Family
10,865
Multi-Family
3,740
Businesses
648
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Listed by: Kerby & Cristina Real Estate Experts • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825986