3106 38th Ave SMinneapolisMN55406
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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 3106 38th Ave S, Minneapolis, MN, 55406 earns $397/mo cash flow from $2,052/mo rent with a $1,297/mo payment. Total monthly income totals $2,052/mo, and annual cash flow totals $4,767/yr on $87,848 capital. ROI tracks 25.34% on current figures, and rental yield reads 9.29% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 132.06% and total cumulative return in cash sums $116,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,052/mo property income instead of your personal income.
Single Family
Built in 1978
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55406, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,919 (100%) |
| Owner Occupied HU | 10,172 (60.1%) |
| Renter Occupied HU | 6,007 (35.5%) |
| Vacant Housing Units | 740 ( 4.4%) |
| Median Home Value | $382,362 |
| Average Home Value | $452,022 |
Housing Distribution
Address Breakdown
Residential
16,527
Single Family
12,303
Multi-Family
4,224
Businesses
979
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Listed by: James Barrett • RE/MAX Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6808974