2509 N 6th StMinneapolisMN55411
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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 2509 N 6th St, Minneapolis, MN, 55411 earns $187/mo cash flow from $1,904/mo rent with a $1,346/mo payment. Total monthly income totals $1,904/mo, and annual cash flow totals $2,241/yr on $91,163 capital. ROI tracks 22.37% on current figures, and rental yield reads 8.31% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 116.11% and total cumulative return in cash sums $105,851. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,904/mo property income instead of your personal income.
Single Family
Built in 1980
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55411, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,733 (100%) |
| Owner Occupied HU | 4,196 (39.1%) |
| Renter Occupied HU | 5,821 (54.2%) |
| Vacant Housing Units | 716 ( 6.7%) |
| Median Home Value | $303,806 |
| Average Home Value | $380,840 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,965
Multi-Family
1,846
Businesses
668
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Listed by: Nicole L Stone • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010898