110 1st Ave NE UNIT F605MinneapolisMN55413
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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 110 1st Ave NE UNIT F605, Minneapolis, MN, 55413 offers a 9.06% rental yield on a $229,000 purchase with $1,729/mo rent. Total monthly income registers $1,729/mo, and a $1,121/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,586/yr on $75,914 to close, and return on cash invested stands at 24.63% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 128.25% and total cumulative return in cash at $97,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,729/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55413, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,900 (100%) |
| Owner Occupied HU | 2,427 (27.3%) |
| Renter Occupied HU | 5,696 (64.0%) |
| Vacant Housing Units | 777 ( 8.7%) |
| Median Home Value | $414,862 |
| Average Home Value | $485,616 |
Housing Distribution
Address Breakdown
Residential
8,225
Single Family
3,774
Multi-Family
4,451
Businesses
1,197
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Listed by: Jack L Schepers • The Relocation Center
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6781014