2532 1st Ave S #S107MinneapolisMN55404
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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 2532 1st Ave S #S107, Minneapolis, MN, 55404 uses $53,703 cash to close to unlock $2,284/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,613/mo, and a $793/mo payment keeps the spread at $190/mo. Purchase price stands at $162,000, and rental yield measures 11.95% with $1,613/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 129.1% and total cumulative return in cash records $69,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,613/mo property income covering a $793/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$411 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: Karen L Lanz • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6579528
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