2550 38th Ave NE UNIT 409Saint AnthonyMN55421
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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 Saint Anthony at 2550 38th Ave NE UNIT 409, Saint Anthony, MN, 55421 uses $71,273 cash to close to unlock $769/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,835/mo, and a $1,052/mo payment keeps the spread at $64/mo. Purchase price stands at $215,000, and rental yield measures 10.24% with $1,835/mo rent. Return on cash invested shows 20.99% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash records $79,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,835/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 2006
871.20 sqft lot
$N/A/sqft
$367 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
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Listed by: Jason T. Mlejnek • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6545469
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