3218 Washburn Ave NMinneapolisMN55412
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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 3218 Washburn Ave N, Minneapolis, MN, 55412 offers a 8.37% rental yield on a $307,500 purchase with $2,145/mo rent. Total monthly income registers $2,145/mo, and a $1,505/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,698/yr on $101,936 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $1,984/yr while 5% annual appreciation supports $84,957 over five years. Portfolio math shows five-year ROI at 117.1% and total cumulative return in cash at $119,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,145/mo property income against a $1,505/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55412, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,813 (100%) |
| Owner Occupied HU | 5,388 (61.1%) |
| Renter Occupied HU | 2,946 (33.4%) |
| Vacant Housing Units | 479 ( 5.4%) |
| Median Home Value | $300,000 |
| Average Home Value | $354,680 |
Housing Distribution
Address Breakdown
Residential
8,658
Single Family
7,801
Multi-Family
857
Businesses
216
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Listed by: Corey McCracken • RE/MAX Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005836