8941 48th Ave NNew HopeMN55428
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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 New Hope at 8941 48th Ave N, New Hope, MN, 55428 uses $139,230 cash to close to unlock $4,140/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $2,968/mo, and a $2,056/mo payment keeps the spread at $345/mo. Purchase price stands at $420,000, and rental yield measures 8.48% with $2,968/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 118.85% and total cumulative return in cash records $165,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,968/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.25 Acres 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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