1602 Johnson 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 1602 Johnson St NE, Minneapolis, MN, 55413 uses $119,307 cash to close to unlock $10,610/yr annual cash flow and $884/mo monthly cash flow. Total monthly income runs $3,132/mo, and a $1,762/mo payment keeps the spread at $884/mo. Purchase price stands at $359,900, and rental yield measures 10.44% with $3,132/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 150.64% and total cumulative return in cash records $179,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,132/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1901
4,356 sqft 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: Grigoriy Vayntrub • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7011672