2900 University Ave SE APT 201MinneapolisMN55414
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 2900 University Ave SE APT 201, Minneapolis, MN, 55414 earns from $919/mo rent with a $563/mo payment. Total monthly income totals $919/mo. ROI tracks 16.24% on current figures, and rental yield reads 9.59% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 86.93% and total cumulative return in cash sums $33,141. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $919/mo property income instead of your personal income.
Condo
Built in 2007
0.65 sqft lot
$N/A/sqft
$294 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55414, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,046 (100%) |
| Owner Occupied HU | 1,975 (11.6%) |
| Renter Occupied HU | 13,966 (81.9%) |
| Vacant Housing Units | 1,105 ( 6.5%) |
| Median Home Value | $540,769 |
| Average Home Value | $636,285 |
Housing Distribution
Address Breakdown
Residential
16,725
Single Family
4,350
Multi-Family
12,375
Businesses
1,032
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Listed by: Sarah Carlson • Realty ONE Group Choice
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6617711
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