1905 Shenandoah Ct UNIT CMinneapolisMN55447
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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 1905 Shenandoah Ct UNIT C, Minneapolis, MN, 55447 offers a 11.36% rental yield on a $209,000 purchase with $1,979/mo rent. Total monthly income registers $1,979/mo, and a $1,023/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,086/yr on $69,284 to close, and return on cash invested stands at 31.58% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 165.5% and total cumulative return in cash at $114,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,979/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1991
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55447, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,816 (100%) |
| Owner Occupied HU | 6,054 (68.7%) |
| Renter Occupied HU | 2,428 (27.5%) |
| Vacant Housing Units | 334 ( 3.8%) |
| Median Home Value | $519,618 |
| Average Home Value | $571,537 |
Housing Distribution
Address Breakdown
Residential
8,844
Single Family
7,068
Multi-Family
1,776
Businesses
785
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Listed by: Joy Erickson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826526