2922 Sheridan 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 2922 Sheridan Ave N, Minneapolis, MN, 55411 generates $1,255/mo in rent and, after a $783/mo payment, leaves $256/mo in cash flow. Total monthly income is $1,255/mo, and annual cash flow is $3,074/yr on $53,007 invested. Return on cash invested sits at 25.71% in year one, and rental yield is 9.42% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 134.08% and total cumulative return in cash sums $71,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,255/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
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: Kelly A Madden • Pemberton RE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818283