121 Washington Ave S APT 707MinneapolisMN55401
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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 707, Minneapolis, MN, 55401 earns $296/mo cash flow from $1,388/mo rent with a $856/mo payment. Total monthly income totals $1,388/mo, and annual cash flow totals $3,551/yr on $57,979 capital. ROI tracks 26.03% on current figures, and rental yield reads 9.52% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 135.77% and total cumulative return in cash sums $78,720. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,388/mo property income instead of your personal income.
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: John E Morgan • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6743173