15 E Franklin Ave APT 306MinneapolisMN55404
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.52 makes 15 E Franklin Ave APT 306, Minneapolis, MN, 55404 in Minneapolis one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.18%. The 8.18% yield, 5% annual appreciation ($71,833 over five years), and $2,395/yr in principal reduction project a total cumulative return of $108,201.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.8% |
| Monthly Cash Flow | $(419) | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,772 |
| Total Monthly Debt Service | $1,520 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
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
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott E Stevenson • Coldwell Banker Realty - Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7018369