2607 Girard Ave NMinneapolisMN55411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2607 Girard Ave N, Minneapolis, MN, 55411 uses $74,554 cash to close to unlock $7,601/yr annual cash flow and $633/mo monthly cash flow. Total monthly income runs $2,038/mo, and a $1,101/mo payment keeps the spread at $633/mo. Purchase price stands at $224,900, and rental yield measures 10.87% with $2,038/mo rent. Return on cash invested shows 30.1% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 157.63% and total cumulative return in cash records $117,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,038/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1951
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kenneth L. Straley • Offsite Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002794