1201 Yale Pl APT 2004MinneapolisMN55403
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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 1201 Yale Pl APT 2004, Minneapolis, MN, 55403 uses $154,148 cash to close to unlock $8,487/yr annual cash flow and $707/mo monthly cash flow. Total monthly income runs $3,611/mo, and a $2,276/mo payment keeps the spread at $707/mo. Purchase price stands at $465,000, and rental yield measures 9.32% with $3,611/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 132.46% and total cumulative return in cash records $204,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,611/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Condo
Built in 1981
2.39 Acres lot
$N/A/sqft
No 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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Listed by: Susan Westerman • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6761645