10942 Highland Rd #22MinneapolisMN55438
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
Rental property for sale in Minneapolis at 10942 Highland Rd #22, Minneapolis, MN, 55438 generates $2,369/mo in rent and, after a $1,111/mo payment, leaves $612/mo in cash flow. Total monthly income is $2,369/mo, and annual cash flow is $7,339/yr on $75,251 invested. Return on cash invested sits at 29.66% in year one, and rental yield is 12.52% on a $227,000 entry. Equity gained on principal adds $1,465/yr, while 5% annual appreciation builds toward $62,716 over five years. Five-year ROI reaches 157.2% and total cumulative return in cash sums $118,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,369/mo property income rather than buyer’s personal income.
Townhouse
Built in 1993
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55438, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,444 (69.7%) |
| Renter Occupied HU | 1,909 (24.4%) |
| Vacant Housing Units | 457 ( 5.9%) |
| Median Home Value | $492,032 |
| Average Home Value | $545,876 |
Housing Distribution
Address Breakdown
Residential
7,806
Single Family
5,731
Multi-Family
2,075
Businesses
318
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Nearby investment properties with comparable prices
Listed by: The Huerkamp Home Group • Keller Williams Preferred Rlty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6770541
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