1606 Washington St NEMinneapolisMN55413
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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
Total monthly income runs $1,948/mo, and a $1,953/mo payment. Purchase price stands at $399,000, and rental yield measures 5.86% with $1,948/mo rent. Return on cash invested shows 14.98% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 76.48% and total cumulative return in cash records $101,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,948/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
5,662 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
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Listed by: Daniel B Hegstrand • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6746674