111 Franklin Ave E #316MinneapolisMN55404
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 111 Franklin Ave E #316, Minneapolis, MN, 55404 listed at $239,900 pairs $1,535/mo rent with a $1,174/mo payment. Total monthly income runs $1,535/mo. Return on cash invested measures 12.03% in year one, and rental yield registers 7.68% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 63.79% and total cumulative return in cash totals $50,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,535/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
N/A lot
$N/A/sqft
$559 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
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Nearby investment properties with comparable prices
Listed by: Kent A Pitlick • Compass
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6590947
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