1111 W River Pkwy UNIT 16CMinneapolisMN55415
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 1111 W River Pkwy UNIT 16C, Minneapolis, MN, 55415 projects strong ROI of 6.6%. Rental yield 4.24%. With 5% annual appreciation, the property builds $574,113 in value over five years. Equity growth combined delivers a projected five-year ROI of 32.8%, translating into $220,840 in total cumulative return on $673,272 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
$2,091 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55415, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 1,010 (20.3%) |
| Renter Occupied HU | 3,097 (62.4%) |
| Vacant Housing Units | 859 (17.3%) |
| Median Home Value | $647,758 |
| Average Home Value | $745,526 |
Housing Distribution
Address Breakdown
Residential
4,092
Single Family
120
Multi-Family
3,972
Businesses
388
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Nearby investment properties with comparable prices
Listed by: Peter Prudden • Prudden & Company
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6781546
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