3027 Garfield 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
Rental property for sale in Minneapolis at 3027 Garfield St NE, Minneapolis, MN, 55418 generates $3,341/mo in rent and, after a $2,203/mo payment, leaves $531/mo in cash flow. Total monthly income is $3,341/mo, and annual cash flow is $6,366/yr on $149,175 invested. Return on cash invested sits at 24.18% in year one, and rental yield is 8.91% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 125.81% and total cumulative return in cash sums $187,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,341/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
5,227 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: Jane T Lynch • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6791762