221 Cedar Lake Rd 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 221 Cedar Lake Rd N, Minneapolis, MN, 55405 with 5% annual appreciation on a $299,900 basis while $2,192/mo rent supports operations. Total monthly income totals $2,192/mo and a $1,468/mo payment preserves $319/mo for cash returns. Annual cash flow comes to $3,830/yr on $99,417 deployed, and return on cash invested reaches 23.76% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 8.77%. Five-year ROI measures 123.61% and total cumulative return in cash totals $122,884.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,192/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1934
7,840 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: John T McGovern • John McGovern
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6796816