3036 15th Ave SMinneapolisMN55407
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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 3036 15th Ave S, Minneapolis, MN, 55407 listed at $474,900 pairs $1,733/mo rent with a $2,324/mo payment. Total monthly income runs $1,733/mo. Return on cash invested measures 10.52% in year one, and rental yield registers 4.38% at a $474,900 basis. Equity gained on principal adds $3,064/yr, and annual property appreciation at 5% supports $131,206 by year five. Five-year ROI tracks 52.54% and total cumulative return in cash totals $82,715. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,733/mo property income relative to a $2,324/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
5,662 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: Marcos Mojica Martinez • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7009578