15 S 1st St #A307MinneapolisMN55401
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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 15 S 1st St #A307, Minneapolis, MN, 55401 listed at $117,500 pairs $944/mo rent with a $575/mo payment to leave $210/mo cash flow. Total monthly income runs $944/mo, and annual cash flow reaches $2,524/yr on $38,951 cash to close. Return on cash invested measures 26.39% in year one, and rental yield registers 9.64% at a $117,500 basis. Equity gained on principal adds $758/yr, and annual property appreciation at 5% supports $32,463 by year five. Five-year ROI tracks 137.75% and total cumulative return in cash totals $53,654. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $944/mo property income relative to a $575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
3.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
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Listed by: Cristy Elizabeth Oldman • HOMESTEAD ROAD
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6748808