2530 1st Ave S #N207MinneapolisMN55404
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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
Total monthly income runs $946/mo, and a $587/mo payment. Purchase price stands at $119,900, and rental yield measures 9.47% with $946/mo rent. Return on cash invested shows 15.87% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 84.99% and total cumulative return in cash records $33,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $946/mo property income covering a $587/mo payment rather than investor’s personal income.
Condo
Built in 1964
0.83 Acres lot
$N/A/sqft
$331 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
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Listed by: Lisa C Carter • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6788259
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