2650 Upton Ave NMinneapolisMN55411
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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 2650 Upton Ave N, Minneapolis, MN, 55411 generates $1,668/mo in rent and, after a $1,223/mo payment, leaves $108/mo in cash flow. Total monthly income is $1,668/mo, and annual cash flow is $1,292/yr on $82,842 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 8.01% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 111.28% and total cumulative return in cash sums $92,186. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,668/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
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
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Listed by: Colleen Langford • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6755755