2900 University Ave SE APT 211MinneapolisMN55414
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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 2900 University Ave SE APT 211, Minneapolis, MN, 55414 offers a 9.62% rental yield on a $218,900 purchase with $1,754/mo rent. Total monthly income registers $1,754/mo, and a $1,071/mo payment leaves $387/mo available for distribution. Annual cash flow reaches $4,650/yr on $72,565 to close, and return on cash invested stands at 26.32% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,478 over five years. Portfolio math shows five-year ROI at 137.31% and total cumulative return in cash at $99,638. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,754/mo property income against a $1,071/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
0.65 Acres lot
$N/A/sqft
No 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: Wayne Groff • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002940