1920 S 1st St APT D114MinneapolisMN55454
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
Investment Highlights
Investment property for sale in Minneapolis at 1920 S 1st St APT D114, Minneapolis, MN, 55454 offers a 9.2% rental yield on a $150,000 purchase with $1,150/mo rent. Total monthly income registers $1,150/mo, and a $734/mo payment leaves $214/mo available for distribution. Annual cash flow reaches $2,562/yr on $49,725 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 130.59% and total cumulative return in cash at $64,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,150/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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: Angela K Johnson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6724412