1304 W Medicine Lake Dr APT 112MinneapolisMN55441
Nearby investment properties with comparable rents
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 1304 W Medicine Lake Dr APT 112, Minneapolis, MN, 55441 earns $281/mo cash flow from $1,265/mo rent with a $771/mo payment. Total monthly income totals $1,265/mo, and annual cash flow totals $3,376/yr on $52,211 capital. ROI tracks 26.38% on current figures, and rental yield reads 9.64% at a $157,500 purchase. Equity gained on principal adds $1,016/yr, and 5% annual appreciation supports $43,514 over five years. Five-year ROI reaches 137.67% and total cumulative return in cash sums $71,877. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,265/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55441, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,220 (100%) |
| Owner Occupied HU | 4,409 (53.6%) |
| Renter Occupied HU | 3,378 (41.1%) |
| Vacant Housing Units | 433 ( 5.3%) |
| Median Home Value | $489,344 |
| Average Home Value | $556,378 |
Housing Distribution
Address Breakdown
Residential
8,208
Single Family
5,095
Multi-Family
3,113
Businesses
899
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Schmidt-Iverson • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6731557