3003 California St NEMinneapolisMN55418
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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 3003 California St NE, Minneapolis, MN, 55418 earns from $2,245/mo rent with a $1,958/mo payment. Total monthly income totals $2,245/mo. ROI tracks 17.62% on current figures, and rental yield reads 6.73% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 90.63% and total cumulative return in cash sums $120,172. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,245/mo property income instead of your personal income.
Multi Family
Built in 1905
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55418, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,851 (100%) |
| Owner Occupied HU | 8,755 (59.0%) |
| Renter Occupied HU | 5,369 (36.2%) |
| Vacant Housing Units | 727 ( 4.9%) |
| Median Home Value | $369,763 |
| Average Home Value | $424,893 |
Housing Distribution
Address Breakdown
Residential
14,467
Single Family
11,390
Multi-Family
3,077
Businesses
908
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Listed by: Christopher Bjorling • Rize Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003310