1118 Newton Ave NMinneapolisMN55411
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 1118 Newton Ave N, Minneapolis, MN, 55411 priced at $152,300 pairs $2,460/mo rent with $495/mo cash flow after a $745/mo payment. Total monthly income equals $2,460/mo, and annual cash flow comes to $5,941/yr on $50,487 invested. Return on cash invested is 31.68% in year one, and rental yield stands at 19.38% on a $152,300 basis. Equity gained on principal adds $983/yr, and 5% annual appreciation accumulates to $42,078 by year five. Five-year ROI measures 174.83% and total cumulative return in cash reaches $88,268. For financing, Ziffy Mortgage’s DSCR program evaluates $2,460/mo property income against a $745/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1908
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55411, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,733 (100%) |
| Owner Occupied HU | 4,196 (39.1%) |
| Renter Occupied HU | 5,821 (54.2%) |
| Vacant Housing Units | 716 ( 6.7%) |
| Median Home Value | $303,806 |
| Average Home Value | $380,840 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,965
Multi-Family
1,846
Businesses
668
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Nearby investment properties with comparable prices
Listed by: Ilya Pidkalyuk • HOMESTEAD ROAD
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6720964
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