1214 43 1/2 Ave NEColumbia HeightsMN55421
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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 Columbia Heights at 1214 43 1/2 Ave NE, Columbia Heights, MN, 55421 uses $125,639 cash to close to unlock $616/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $2,418/mo, and a $1,855/mo payment keeps the spread at $51/mo. Purchase price stands at $379,000, and rental yield measures 7.66% with $2,418/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash records $132,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,418/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Multi Family
Built in 1959
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
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Listed by: Kary J Marpe • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003226