1901 Emerson Ave S APT 104MinneapolisMN55403
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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 1901 Emerson Ave S APT 104, Minneapolis, MN, 55403 earns $629/mo cash flow from $1,690/mo rent with a $832/mo payment. Total monthly income totals $1,690/mo, and annual cash flow totals $7,544/yr on $56,322 capital. ROI tracks 33.3% on current figures, and rental yield reads 11.94% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 174.76% and total cumulative return in cash sums $98,426. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,690/mo property income instead of your personal income.
Condo
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55403, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 2,259 (16.3%) |
| Renter Occupied HU | 10,313 (74.4%) |
| Vacant Housing Units | 1,283 ( 9.3%) |
| Median Home Value | $538,012 |
| Average Home Value | $658,136 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
969
Multi-Family
11,574
Businesses
663
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Listed by: Jamie M. Borden • Borden Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6735408