3229 17th Ave SMinneapolisMN55407
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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
Rental property for sale in Minneapolis at 3229 17th Ave S, Minneapolis, MN, 55407 generates $2,746/mo in rent and, after a $1,713/mo payment, leaves $561/mo in cash flow. Total monthly income is $2,746/mo, and annual cash flow is $6,728/yr on $115,992 invested. Return on cash invested sits at 25.71% in year one, and rental yield is 9.42% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 134.03% and total cumulative return in cash sums $155,466. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,746/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55407, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 7,551 (50.5%) |
| Renter Occupied HU | 6,647 (44.4%) |
| Vacant Housing Units | 769 ( 5.1%) |
| Median Home Value | $350,929 |
| Average Home Value | $382,751 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
10,906
Multi-Family
4,147
Businesses
853
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Listed by: Ahmad Eltawely • Premier Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783379