905 106th Ln NW APT 82Coon RapidsMN55433
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 Coon Rapids at 905 106th Ln NW APT 82, Coon Rapids, MN, 55433 uses $89,472 cash to close to unlock $7,436/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,305/mo, and a $1,321/mo payment keeps the spread at $620/mo. Purchase price stands at $269,900, and rental yield measures 10.25% with $2,305/mo rent. Return on cash invested shows 28.22% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 147.5% and total cumulative return in cash records $131,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,305/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Townhouse
Built in 1995
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55433, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,906 (100%) |
| Owner Occupied HU | 9,704 (65.1%) |
| Renter Occupied HU | 4,830 (32.4%) |
| Vacant Housing Units | 372 ( 2.5%) |
| Median Home Value | $330,802 |
| Average Home Value | $345,487 |
Housing Distribution
Address Breakdown
Residential
14,605
Single Family
10,865
Multi-Family
3,740
Businesses
648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory M Yurick • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6761675