1204 Harmon Pl APT 18MinneapolisMN55403
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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
Rental property for sale in Minneapolis at 1204 Harmon Pl APT 18, Minneapolis, MN, 55403 generates $789/mo in rent, after a $513/mo payment. Total monthly income is $789/mo. Return on cash invested sits at 1.7% in year one, and rental yield is 9.03% on a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 13.65% and total cumulative return in cash sums $4,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $789/mo property income rather than buyer’s personal income.
Condo
Built in 1907
N/A lot
$N/A/sqft
$605 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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Listed by: Zach Olson • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6792736
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