317 Groveland Ave UNIT 712MinneapolisMN55403
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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 317 Groveland Ave UNIT 712, Minneapolis, MN, 55403 offers a 6.77% rental yield on a $250,000 purchase with $1,410/mo rent. 72% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 91.16% and total cumulative return in cash at $75,550. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,410/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55403, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 2,259 (16.3%) |
| Renter Occupied HU | 10,313 (74.4%) |
| Vacant Housing Units | 1,283 ( 9.3%) |
| Median Home Value | $538,012 |
| Average Home Value | $658,136 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
969
Multi-Family
11,574
Businesses
663
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Listed by: Tracy D Gazett • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007719