8697 Norway St NWCoon RapidsMN55433
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 Coon Rapids at 8697 Norway St NW, Coon Rapids, MN, 55433 at $230,000 posts ROI 18.44% with from $1,622/mo rent. Total monthly income equals $1,622/mo. Return on cash invested measures 18.44% and rental yield reads 8.46% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 96.64% and total cumulative return in cash totals $73,687. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,622/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1992
2,178 sqft lot
$N/A/sqft
$241 monthly 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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Nearby investment properties with comparable prices
Listed by: Caprice W Ayau • My Mobile Agents Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6670672
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