3104 W Lake St #309, Minneapolis, MN, 55402 | $628/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Minneapolis at 3104 W Lake St #309, Minneapolis, MN, 55402 uses $110,688 cash to close to unlock $7,539/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,713/mo, and a $1,634/mo payment keeps the spread at $628/mo. Purchase price stands at $333,900, and rental yield measures 9.75% with $2,713/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $92,250 over five years. Five-year ROI reaches 139.46% and total cumulative return in cash records $154,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,713/mo property income covering a $1,634/mo payment rather than investor’s personal income.

Condo

Built in 2007

2.26 Acres lot

$N/A/sqft

No HOA