1920 S 1st St APT 1002MinneapolisMN55454
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1920 S 1st St APT 1002, Minneapolis, MN, 55454 in Minneapolis earns its strong cash-flow label: 11.88% yield, $1,632/mo rent, $602/mo net income, DSCR 2.20. The $164,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $45,559 by year five. Combined with $1,519/yr in principal paydown, total projected return reaches $101,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 4.8% |
| Monthly Cash Flow | $602 | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,632 |
| Total Monthly Debt Service | $964 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55454, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,676 (100%) |
| Owner Occupied HU | 245 ( 6.7%) |
| Renter Occupied HU | 3,205 (87.2%) |
| Vacant Housing Units | 226 ( 6.1%) |
| Median Home Value | $182,609 |
| Average Home Value | $317,628 |
Housing Distribution
Address Breakdown
Residential
3,678
Single Family
295
Multi-Family
3,383
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1973
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55454, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,676 (100%) |
| Owner Occupied HU | 245 ( 6.7%) |
| Renter Occupied HU | 3,205 (87.2%) |
| Vacant Housing Units | 226 ( 6.1%) |
| Median Home Value | $182,609 |
| Average Home Value | $317,628 |
Housing Distribution
Address Breakdown
Residential
3,678
Single Family
295
Multi-Family
3,383
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chad Huebener • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6763583