1200 Nicollet Ave UNIT 608MinneapolisMN55403
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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 1200 Nicollet Ave UNIT 608, Minneapolis, MN, 55403 earns from $1,744/mo rent with a $905/mo payment. Total monthly income totals $1,744/mo. ROI tracks 13.14% on current figures, and rental yield reads 11.32% at a $184,850 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,071 over five years. Five-year ROI reaches 73.3% and total cumulative return in cash sums $44,919. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,744/mo property income instead of your personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$935 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55403, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 2,259 (16.3%) |
| Renter Occupied HU | 10,313 (74.4%) |
| Vacant Housing Units | 1,283 ( 9.3%) |
| Median Home Value | $538,012 |
| Average Home Value | $658,136 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
969
Multi-Family
11,574
Businesses
663
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Nearby investment properties with comparable prices
Listed by: John M. Canny • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6673737
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