1240 S 2nd St UNIT 922MinneapolisMN55415
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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 922, Minneapolis, MN, 55415 listed at $649,900 pairs $4,123/mo rent with a $3,181/mo payment to leave $65/mo cash flow. Total monthly income runs $4,123/mo, and annual cash flow reaches $776/yr on $213,817 cash to close. Return on cash invested measures 20.42% in year one, and rental yield registers 7.61% at a $649,900 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,555 by year five. Five-year ROI tracks 105.64% and total cumulative return in cash totals $225,870. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,123/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Isaac Arthur Kuehn • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6804388