1523 3rd St NEMinneapolisMN55413
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 1523 3rd St NE, Minneapolis, MN, 55413 listed at $550,000 pairs $4,468/mo rent with a $2,692/mo payment to leave $1,034/mo cash flow. Total monthly income runs $4,468/mo, and annual cash flow reaches $12,402/yr on $180,950 cash to close. Return on cash invested measures 26.91% in year one, and rental yield registers 9.75% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 140.45% and total cumulative return in cash totals $254,146. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,468/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1898
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55413, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,900 (100%) |
| Owner Occupied HU | 2,427 (27.3%) |
| Renter Occupied HU | 5,696 (64.0%) |
| Vacant Housing Units | 777 ( 8.7%) |
| Median Home Value | $414,862 |
| Average Home Value | $485,616 |
Housing Distribution
Address Breakdown
Residential
8,225
Single Family
3,774
Multi-Family
4,451
Businesses
1,197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie A Trones • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820955