1240 S 2nd St UNIT 1201MinneapolisMN55415
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Nearby investment properties with comparable prices
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 1240 S 2nd St UNIT 1201, Minneapolis, MN, 55415 offers a 4.48% rental yield on a $1,195,000 purchase with $4,461/mo rent. 07% in year one. Equity gained on principal adds $7,711/yr while 5% annual appreciation supports $330,156 over five years. Portfolio math shows five-year ROI at 55.41% and total cumulative return in cash at $214,526. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,461/mo property income against a $5,849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55415, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 1,010 (20.3%) |
| Renter Occupied HU | 3,097 (62.4%) |
| Vacant Housing Units | 859 (17.3%) |
| Median Home Value | $647,758 |
| Average Home Value | $745,526 |
Housing Distribution
Address Breakdown
Residential
4,092
Single Family
120
Multi-Family
3,972
Businesses
388
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Listed by: Cynthia K Froid • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6808510