1720 3rd Ave S APT 106MinneapolisMN55404
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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
Rental property for sale in Minneapolis at 1720 3rd Ave S APT 106, Minneapolis, MN, 55404 generates $1,612/mo in rent and, after a $807/mo payment, leaves $582/mo in cash flow. Total monthly income is $1,612/mo, and annual cash flow is $6,989/yr on $54,664 invested. Return on cash invested sits at 32.69% in year one, and rental yield is 11.73% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 171.52% and total cumulative return in cash sums $93,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,612/mo property income rather than buyer’s personal income.
Condo
Built in 1982
0.31 Acres lot
$N/A/sqft
No 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
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Listed by: David K. Wickiser • Wickiser Real Estate Group, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6750152