1720 3rd Ave S APT 101MinneapolisMN55404
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 1720 3rd Ave S APT 101, Minneapolis, MN, 55404 listed at $173,700 pairs $2,186/mo rent with a $850/mo payment to leave $791/mo cash flow. Total monthly income runs $2,186/mo, and annual cash flow reaches $9,487/yr on $57,582 cash to close. Return on cash invested measures 36.39% in year one, and rental yield registers 15.1% at a $173,700 basis. Equity gained on principal adds $1,121/yr, and annual property appreciation at 5% supports $47,990 by year five. Five-year ROI tracks 193.66% and total cumulative return in cash totals $111,511. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,186/mo property income relative to a $850/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
0.31 Acres lot
$N/A/sqft
$276 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A