2615 Park Ave APT 112MinneapolisMN55407
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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
Rental property for sale in Minneapolis at 2615 Park Ave APT 112, Minneapolis, MN, 55407 generates $825/mo in rent and, after a $514/mo payment, leaves $169/mo in cash flow. Total monthly income is $825/mo, and annual cash flow is $2,031/yr on $34,808 invested. Return on cash invested sits at 25.74% in year one, and rental yield is 9.43% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 134.36% and total cumulative return in cash sums $46,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $825/mo property income rather than buyer’s personal income.
Condo
Built in 1930
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55407, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 7,551 (50.5%) |
| Renter Occupied HU | 6,647 (44.4%) |
| Vacant Housing Units | 769 ( 5.1%) |
| Median Home Value | $350,929 |
| Average Home Value | $382,751 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
10,906
Multi-Family
4,147
Businesses
853
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Listed by: Rachel Blinsmon • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6656100