9400 Old Cedar Ave S APT 318BloomingtonMN55425
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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 9400 Old Cedar Ave S APT 318, Bloomington, MN, 55425 generates $850/mo in rent, after a $538/mo payment. Total monthly income is $850/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 9.28% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 94.64% and total cumulative return in cash sums $34,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $850/mo property income rather than buyer’s personal income.
Condo
Built in 1972
7.96 Acres lot
$N/A/sqft
$226 monthly 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: Jay A Anderson • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6736468
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