3024 Portland AveMinneapolisMN55407
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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
Total monthly income runs $1,643/mo, and a $1,640/mo payment. Purchase price stands at $335,000, and rental yield measures 5.89% with $1,643/mo rent. Return on cash invested shows 15.05% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 76.89% and total cumulative return in cash records $85,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,643/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Multi Family
Built in 1908
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55407, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 7,551 (50.5%) |
| Renter Occupied HU | 6,647 (44.4%) |
| Vacant Housing Units | 769 ( 5.1%) |
| Median Home Value | $350,929 |
| Average Home Value | $382,751 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
10,906
Multi-Family
4,147
Businesses
853
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Listed by: Justin D Rhodes • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6804568