2901 W 70th StMinneapolisMN55423
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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 2901 W 70th St, Minneapolis, MN, 55423 offers a 8.77% rental yield on a $424,900 purchase with $3,107/mo rent. Total monthly income registers $3,107/mo, and a $2,080/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,441/yr on $140,854 to close, and return on cash invested stands at 23.77% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 123.64% and total cumulative return in cash at $174,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,107/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55423, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,808 (100%) |
| Owner Occupied HU | 9,381 (52.7%) |
| Renter Occupied HU | 7,341 (41.2%) |
| Vacant Housing Units | 1,086 ( 6.1%) |
| Median Home Value | $351,679 |
| Average Home Value | $389,345 |
Housing Distribution
Address Breakdown
Residential
16,892
Single Family
10,466
Multi-Family
6,426
Businesses
704
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Listed by: Gretchen Shipman • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6800351