215 7th St NE APT 209MinneapolisMN55413
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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 215 7th St NE APT 209, Minneapolis, MN, 55413 uses $64,643 cash to close to unlock $2,985/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,466/mo, and a $954/mo payment keeps the spread at $249/mo. Purchase price stands at $195,000, and rental yield measures 9.02% with $1,466/mo rent. Return on cash invested shows 24.53% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 127.66% and total cumulative return in cash records $82,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,466/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1924
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: Aaron Spiteri • Lakes Sotheby's International Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7006498