9600 Portland Ave S APT 107BloomingtonMN55420
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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 9600 Portland Ave S APT 107, Bloomington, MN, 55420 generates $1,089/mo in rent and, after a $685/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,089/mo, and annual cash flow is $2,580/yr on $46,410 invested. Return on cash invested sits at 25.47% in year one, and rental yield is 9.33% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 132.72% and total cumulative return in cash sums $61,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,089/mo property income rather than buyer’s personal income.
Condo
Built in 1978
6.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55420, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,697 (100%) |
| Owner Occupied HU | 5,853 (60.4%) |
| Renter Occupied HU | 3,495 (36.0%) |
| Vacant Housing Units | 349 ( 3.6%) |
| Median Home Value | $335,224 |
| Average Home Value | $366,745 |
Housing Distribution
Address Breakdown
Residential
9,524
Single Family
6,310
Multi-Family
3,214
Businesses
1,000
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Listed by: Katey Bean & Company • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6815863