2011 3rd Ave NMinneapolisMN55405
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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 2011 3rd Ave N, Minneapolis, MN, 55405 listed at $362,000 pairs $2,002/mo rent with a $1,772/mo payment. Total monthly income runs $2,002/mo. Return on cash invested measures 15.6% in year one, and rental yield registers 6.64% at a $362,000 basis. Equity gained on principal adds $2,336/yr, and annual property appreciation at 5% supports $100,014 by year five. Five-year ROI tracks 80.47% and total cumulative return in cash totals $96,565. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,002/mo property income relative to a $1,772/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1903
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55405, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,925 (100%) |
| Owner Occupied HU | 2,502 (31.6%) |
| Renter Occupied HU | 4,785 (60.4%) |
| Vacant Housing Units | 638 ( 8.1%) |
| Median Home Value | $558,861 |
| Average Home Value | $683,129 |
Housing Distribution
Address Breakdown
Residential
7,492
Single Family
3,720
Multi-Family
3,772
Businesses
593
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Listed by: Amanda Buhman • Compass
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6721318
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