881 Manor Dr NESpring Lake ParkMN55432
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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 Spring Lake Park at 881 Manor Dr NE, Spring Lake Park, MN, 55432 uses $89,472 cash to close to unlock $4,016/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $2,020/mo, and a $1,321/mo payment keeps the spread at $335/mo. Purchase price stands at $269,900, and rental yield measures 8.98% with $2,020/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 127% and total cumulative return in cash records $113,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,020/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55432, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,131 (100%) |
| Owner Occupied HU | 8,278 (58.6%) |
| Renter Occupied HU | 5,439 (38.5%) |
| Vacant Housing Units | 414 ( 2.9%) |
| Median Home Value | $337,021 |
| Average Home Value | $345,828 |
Housing Distribution
Address Breakdown
Residential
13,926
Single Family
9,630
Multi-Family
4,296
Businesses
994
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Listed by: Rhea Barrow • Root Down Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6782725