1009 University Ave SEMinneapolisMN55414
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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 Minneapolis at 1009 University Ave SE, Minneapolis, MN, 55414 listed at $989,000 pairs $2,423/mo rent with a $4,841/mo payment. Total monthly income runs $2,423/mo. Return on cash invested measures 6.22% in year one, and rental yield registers 2.94% at a $989,000 basis. Equity gained on principal adds $6,382/yr, and annual property appreciation at 5% supports $273,242 by year five. Five-year ROI tracks 29.46% and total cumulative return in cash totals $95,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,423/mo property income relative to a $4,841/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55414, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,046 (100%) |
| Owner Occupied HU | 1,975 (11.6%) |
| Renter Occupied HU | 13,966 (81.9%) |
| Vacant Housing Units | 1,105 ( 6.5%) |
| Median Home Value | $540,769 |
| Average Home Value | $636,285 |
Housing Distribution
Address Breakdown
Residential
16,725
Single Family
4,350
Multi-Family
12,375
Businesses
1,032
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Listed by: Mary McNicoll • MRG Realty Partners, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6804917