2030 Penn Ave SMinneapolisMN55405
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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
Rental property for sale in Minneapolis at 2030 Penn Ave S, Minneapolis, MN, 55405 generates $2,400/mo in rent, after a $5,869/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 4.65% in year one, and rental yield is 2.4% on a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 21.02% and total cumulative return in cash sums $81,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Multi Family
Built in 1911
5,227 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: Elizabeth McKevitt Perez • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6730762