8935 Old Cedar Ave S APT 113BloomingtonMN55425
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 Bloomington at 8935 Old Cedar Ave S APT 113, Bloomington, MN, 55425 uses $33,979 cash to close to unlock $1,855/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $795/mo, and a $502/mo payment keeps the spread at $155/mo. Purchase price stands at $102,500, and rental yield measures 9.31% with $795/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 132.25% and total cumulative return in cash records $44,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $795/mo property income covering a $502/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55425, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,315 (100%) |
| Owner Occupied HU | 1,770 (33.3%) |
| Renter Occupied HU | 3,072 (57.8%) |
| Vacant Housing Units | 473 ( 8.9%) |
| Median Home Value | $364,908 |
| Average Home Value | $452,684 |
Housing Distribution
Address Breakdown
Residential
5,240
Single Family
1,941
Multi-Family
3,299
Businesses
881
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thinh K Huynh • USA Dream Home Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822507