9109 W 23rd StSt Louis ParkMN55426
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 St Louis Park at 9109 W 23rd St, St Louis Park, MN, 55426 uses $197,400 cash to close to unlock $5,658/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $4,243/mo, and a $2,937/mo payment keeps the spread at $472/mo. Purchase price stands at $600,000, and rental yield measures 8.49% with $4,243/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 119.12% and total cumulative return in cash records $235,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,243/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55426, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,507 (100%) |
| Owner Occupied HU | 7,030 (56.2%) |
| Renter Occupied HU | 4,846 (38.7%) |
| Vacant Housing Units | 631 ( 5.0%) |
| Median Home Value | $391,247 |
| Average Home Value | $451,864 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
7,737
Multi-Family
4,480
Businesses
933
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Listed by: Jesse J Forsell • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6790167
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