20 2nd St NE UNIT P1802MinneapolisMN55413
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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 20 2nd St NE UNIT P1802, Minneapolis, MN, 55413 listed at $169,900 pairs $1,332/mo rent with a $832/mo payment to leave $271/mo cash flow. Total monthly income runs $1,332/mo, and annual cash flow reaches $3,248/yr on $56,322 cash to close. Return on cash invested measures 25.68% in year one, and rental yield registers 9.41% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 133.89% and total cumulative return in cash totals $75,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,332/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55413, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,900 (100%) |
| Owner Occupied HU | 2,427 (27.3%) |
| Renter Occupied HU | 5,696 (64.0%) |
| Vacant Housing Units | 777 ( 8.7%) |
| Median Home Value | $414,862 |
| Average Home Value | $485,616 |
Housing Distribution
Address Breakdown
Residential
8,225
Single Family
3,774
Multi-Family
4,451
Businesses
1,197
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Listed by: Michael W Peterson • Drive Results Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788693