1000 41st Ave NE APT 204Columbia HeightsMN55421
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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
Investment property for sale in Columbia Heights at 1000 41st Ave NE APT 204, Columbia Heights, MN, 55421 listed at $126,900 pairs $1,006/mo rent with a $621/mo payment to leave $214/mo cash flow. Total monthly income runs $1,006/mo, and annual cash flow reaches $2,564/yr on $42,067 cash to close. Return on cash invested measures 26% in year one, and rental yield registers 9.51% at a $126,900 basis. Equity gained on principal adds $819/yr, and annual property appreciation at 5% supports $35,060 by year five. Five-year ROI tracks 135.61% and total cumulative return in cash totals $57,049. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,006/mo property income relative to a $621/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
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Listed by: Heidi Herda • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7012628