2950 Dean Pkwy APT 1705MinneapolisMN55416
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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 2950 Dean Pkwy APT 1705, Minneapolis, MN, 55416 generates $3,599/mo in rent and, after a $2,080/mo payment, leaves $945/mo in cash flow. Total monthly income is $3,599/mo, and annual cash flow is $11,343/yr on $140,888 invested. Return on cash invested sits at 27.96% in year one, and rental yield is 10.16% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 146.1% and total cumulative return in cash sums $205,841. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,599/mo property income rather than buyer’s personal income.
Condo
Built in 1977
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55416, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,342 (100%) |
| Owner Occupied HU | 8,308 (40.8%) |
| Renter Occupied HU | 10,114 (49.7%) |
| Vacant Housing Units | 1,920 ( 9.4%) |
| Median Home Value | $532,918 |
| Average Home Value | $587,316 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Matthew S Baker • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811482