121 Washington Ave S APT 1304MinneapolisMN55401
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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 121 Washington Ave S APT 1304, Minneapolis, MN, 55401 offers a 8.21% rental yield on a $264,500 purchase with $1,810/mo rent. Total monthly income registers $1,810/mo, and a $1,295/mo payment leaves $158/mo available for distribution. Annual cash flow reaches $1,895/yr on $87,682 to close, and return on cash invested stands at 22.07% in year one. Equity gained on principal adds $1,707/yr while 5% annual appreciation supports $73,076 over five years. Portfolio math shows five-year ROI at 114.5% and total cumulative return in cash at $100,394. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,810/mo property income against a $1,295/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
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Listed by: Will Tiedeman • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770859