3213 Minnehaha AveMinneapolisMN55406
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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 3213 Minnehaha Ave, Minneapolis, MN, 55406 listed at $490,000 pairs $2,478/mo rent with a $2,398/mo payment. Total monthly income runs $2,478/mo. Return on cash invested measures 15.61% in year one, and rental yield registers 6.07% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 79.88% and total cumulative return in cash totals $129,756. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,478/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1905
8,712 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: Wilson Molina • Molina Realtors
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001272