1819 University Ave NEMinneapolisMN55418
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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 1819 University Ave NE, Minneapolis, MN, 55418 generates $2,429/mo in rent and, after a $1,346/mo payment, leaves $712/mo in cash flow. Total monthly income is $2,429/mo, and annual cash flow is $8,541/yr on $91,163 invested. Return on cash invested sits at 29.28% in year one, and rental yield is 10.6% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 153.15% and total cumulative return in cash sums $139,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,429/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55418, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,851 (100%) |
| Owner Occupied HU | 8,755 (59.0%) |
| Renter Occupied HU | 5,369 (36.2%) |
| Vacant Housing Units | 727 ( 4.9%) |
| Median Home Value | $369,763 |
| Average Home Value | $424,893 |
Housing Distribution
Address Breakdown
Residential
14,467
Single Family
11,390
Multi-Family
3,077
Businesses
908
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Listed by: Carl Vagle • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6751850