8709 64th Ave NBrooklyn ParkMN55428
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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
Rental property for sale in Brooklyn Park at 8709 64th Ave N, Brooklyn Park, MN, 55428 generates $3,425/mo in rent and, after a $1,757/mo payment, leaves $1,183/mo in cash flow. Total monthly income is $3,425/mo, and annual cash flow is $14,200/yr on $119,009 invested. Return on cash invested sits at 31.84% in year one, and rental yield is 11.45% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 166.92% and total cumulative return in cash sums $198,643. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,425/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55428, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,649 (100%) |
| Owner Occupied HU | 6,926 (54.8%) |
| Renter Occupied HU | 5,227 (41.3%) |
| Vacant Housing Units | 496 ( 3.9%) |
| Median Home Value | $314,013 |
| Average Home Value | $337,826 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
8,677
Multi-Family
3,773
Businesses
1,083
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Listed by: Katie Troye • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6819213