1801 Elliot Ave APT 8MinneapolisMN55404
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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 1801 Elliot Ave APT 8, Minneapolis, MN, 55404 earns $1,201/mo cash flow from $1,913/mo rent with a $504/mo payment. Total monthly income totals $1,913/mo, and annual cash flow totals $14,411/yr on $34,145 capital. ROI tracks 62.12% on current figures, and rental yield reads 22.29% at a $103,000 purchase. Equity gained on principal adds $665/yr, and 5% annual appreciation supports $28,457 over five years. Five-year ROI reaches 330.11% and total cumulative return in cash sums $112,714. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,913/mo property income instead of your personal income.
Condo
Built in 1891
0.59 Acres lot
$N/A/sqft
$69 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
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Listed by: N/A • N/A
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