3013 Silver Lake Rd 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 3013 Silver Lake Rd NE, Minneapolis, MN, 55418 uses $142,214 cash to close to unlock $6,094/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $3,187/mo, and a $2,100/mo payment keeps the spread at $508/mo. Purchase price stands at $429,000, and rental yield measures 8.91% with $3,187/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 125.89% and total cumulative return in cash records $179,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,187/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 1953
9,583 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: The Herrmann Team • HomeAvenue Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6789667