248 Morgan Ave NMinneapolisMN55405
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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 248 Morgan Ave N, Minneapolis, MN, 55405 priced at $290,000 converts $2,210/mo rent into $400/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,210/mo, and annual cash flow totals $4,794/yr on $96,135 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 9.14% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 129.66% and total cumulative return in cash sums $124,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,210/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 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: Melissa Clawson • Call It Closed International Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6815491