8935 Old Cedar Ave S APT 211BloomingtonMN55425
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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 Bloomington at 8935 Old Cedar Ave S APT 211, Bloomington, MN, 55425 generates $1,153/mo in rent and, after a $705/mo payment, leaves $254/mo in cash flow. Total monthly income is $1,153/mo, and annual cash flow is $3,043/yr on $47,736 invested. Return on cash invested sits at 26.28% in year one, and rental yield is 9.61% on a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 137.12% and total cumulative return in cash sums $65,454. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,153/mo property income rather than buyer’s personal income.
Condo
Built in 1972
2.28 Acres 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
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Listed by: Mohamed H Abdelaziz • Alpha Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6752641