100 3rd Ave S UNIT 3202MinneapolisMN55401
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 Minneapolis at 100 3rd Ave S UNIT 3202, Minneapolis, MN, 55401 listed at $1,995,000 pairs $7,792/mo rent with a $9,765/mo payment. Total monthly income runs $7,792/mo. Return on cash invested measures 4.35% in year one, and rental yield registers 4.69% at a $1,995,000 basis. Equity gained on principal adds $12,873/yr, and annual property appreciation at 5% supports $551,182 by year five. Five-year ROI tracks 22.04% and total cumulative return in cash totals $142,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,792/mo property income relative to a $9,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
0.94 Acres lot
$N/A/sqft
$2,978 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
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Nearby investment properties with comparable prices
Listed by: Berg Larsen Group - Chad M Larsen • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6574889
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