2950 Dean Pkwy APT 2401MinneapolisMN55416
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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 2950 Dean Pkwy APT 2401, Minneapolis, MN, 55416 uses $228,655 cash to close to unlock $4,641/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $4,727/mo, and a $3,402/mo payment keeps the spread at $387/mo. Purchase price stands at $695,000, and rental yield measures 8.16% with $4,727/mo rent. Return on cash invested shows 22.09% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 114.57% and total cumulative return in cash records $261,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,727/mo property income covering a $3,402/mo payment rather than investor’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: #6728573