8831 Queen Ave SBloomingtonMN55431
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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 8831 Queen Ave S, Bloomington, MN, 55431 uses $164,093 cash to close to unlock $993/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $3,174/mo, and a $2,423/mo payment keeps the spread at $83/mo. Purchase price stands at $495,000, and rental yield measures 7.69% with $3,174/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 106.15% and total cumulative return in cash records $174,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,174/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Multi Family
Built in 1966
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55431, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,161 (100%) |
| Owner Occupied HU | 5,743 (62.7%) |
| Renter Occupied HU | 3,016 (32.9%) |
| Vacant Housing Units | 402 ( 4.4%) |
| Median Home Value | $371,100 |
| Average Home Value | $426,014 |
Housing Distribution
Address Breakdown
Residential
8,891
Single Family
6,180
Multi-Family
2,711
Businesses
704
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Listed by: Faranak Toma • Bridge Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6814546