2022 Glenwood AveMinneapolisMN55405
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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 2022 Glenwood Ave, Minneapolis, MN, 55405 uses $102,931 cash to close to unlock $10,380/yr annual cash flow and $865/mo monthly cash flow. Total monthly income runs $2,828/mo, and a $1,520/mo payment keeps the spread at $865/mo. Purchase price stands at $310,500, and rental yield measures 10.93% with $2,828/mo rent. Return on cash invested shows 29.99% in year one, and 5% annual appreciation builds toward $85,785 over five years. Five-year ROI reaches 157.13% and total cumulative return in cash records $161,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,828/mo property income covering a $1,520/mo payment rather than investor’s personal income.
Single Family
Built in 1913
10,454 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: Benjamin D. Trudeau • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6773093
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