2802 Girard 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
Investment property for sale in Minneapolis at 2802 Girard Ave N, Minneapolis, MN, 55411 offers a 13.62% rental yield on a $209,000 purchase with $2,372/mo rent. Total monthly income registers $2,372/mo, and a $1,023/mo payment leaves $1,067/mo available for distribution. Annual cash flow reaches $12,802/yr on $69,284 to close, and return on cash invested stands at 38.39% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 202.01% and total cumulative return in cash at $139,958. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,372/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
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: Matt Schlieman • North Coast Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6765267