1601 N Innsbruck Dr #250NEMinneapolisMN55432
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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 1601 N Innsbruck Dr #250NE, Minneapolis, MN, 55432 listed at $104,900 pairs $837/mo rent with a $513/mo payment to leave $182/mo cash flow. Total monthly income runs $837/mo, and annual cash flow reaches $2,189/yr on $34,774 cash to close. Return on cash invested measures 26.2% in year one, and rental yield registers 9.57% at a $104,900 basis. Equity gained on principal adds $677/yr, and annual property appreciation at 5% supports $28,982 by year five. Five-year ROI tracks 136.74% and total cumulative return in cash totals $47,550. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $837/mo property income relative to a $513/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55432, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,131 (100%) |
| Owner Occupied HU | 8,278 (58.6%) |
| Renter Occupied HU | 5,439 (38.5%) |
| Vacant Housing Units | 414 ( 2.9%) |
| Median Home Value | $337,021 |
| Average Home Value | $345,828 |
Housing Distribution
Address Breakdown
Residential
13,926
Single Family
9,630
Multi-Family
4,296
Businesses
994
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Listed by: Christopher Fritch • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6824405