2500 Aldrich Ave S APT 6MinneapolisMN55405
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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 2500 Aldrich Ave S APT 6, Minneapolis, MN, 55405 uses $56,322 cash to close to unlock $3,920/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $832/mo payment keeps the spread at $327/mo. Purchase price stands at $169,900, and rental yield measures 12.28% with $1,738/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 142.97% and total cumulative return in cash records $80,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1883
6,534 sqft lot
$N/A/sqft
$350 monthly 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: Joseph P. Torkildson • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6583403
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