1240 S 2nd St UNIT 306MinneapolisMN55415
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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 1240 S 2nd St UNIT 306, Minneapolis, MN, 55415 earns $134/mo cash flow from $4,816/mo rent with a $3,670/mo payment. Total monthly income totals $4,816/mo, and annual cash flow totals $1,604/yr on $246,717 capital. ROI tracks 20.71% on current figures, and rental yield reads 7.71% at a $749,900 purchase. Equity gained on principal adds $4,839/yr, and 5% annual appreciation supports $207,184 over five years. Five-year ROI reaches 107.18% and total cumulative return in cash sums $264,430. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,816/mo property income instead of your personal income.
Condo
Built in 2018
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: Isaac Arthur Kuehn • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005492