2408 Fremont Ave SMinneapolisMN55405
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2408 Fremont Ave S, Minneapolis, MN, 55405 priced at $738,500 converts $3,391/mo rent into after a $3,615/mo obligation. Total monthly income equals $3,391/mo. Return on cash invested prints 11.91% in year one, and rental yield reads 5.51% against a $738,500 entry. Equity gained on principal adds $4,765/yr, while 5% annual appreciation compiles into $204,034 by year five. Five-year ROI reaches 60.76% and total cumulative return in cash sums $147,619. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,391/mo property income covering a $3,615/mo payment, not borrower’s personal income.
Apartment
Built in 1901
5,794 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A