3017 James Ave SMinneapolisMN55408
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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 3017 James Ave S, Minneapolis, MN, 55408 with 5% annual appreciation on a $534,500 basis while $3,487/mo rent supports operations. 9% in year one. Equity gained on principal adds $3,449/yr, and five-year appreciation sums $147,673 alongside rental yield of 7.83%. Five-year ROI measures 103.3% and total cumulative return in cash totals $181,647. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,487/mo property income versus a $2,616/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55408, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,715 (100%) |
| Owner Occupied HU | 3,510 (17.8%) |
| Renter Occupied HU | 14,952 (75.8%) |
| Vacant Housing Units | 1,253 ( 6.4%) |
| Median Home Value | $476,777 |
| Average Home Value | $584,786 |
Housing Distribution
Address Breakdown
Residential
18,630
Single Family
5,757
Multi-Family
12,873
Businesses
1,472
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Listed by: N/A • N/A
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Mls ID: #N/A