3233 Fremont Ave S APT 3MinneapolisMN55408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3233 Fremont Ave S APT 3, Minneapolis, MN, 55408 listed at $234,000 pairs $1,732/mo rent with a $1,145/mo payment to leave $271/mo cash flow. Total monthly income runs $1,732/mo, and annual cash flow reaches $3,253/yr on $77,571 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 8.88% at a $234,000 basis. Equity gained on principal adds $1,510/yr, and annual property appreciation at 5% supports $64,650 by year five. Five-year ROI tracks 125.46% and total cumulative return in cash totals $97,323. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,732/mo property income relative to a $1,145/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1917
5,793 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55408, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,715 (100%) |
| Owner Occupied HU | 3,510 (17.8%) |
| Renter Occupied HU | 14,952 (75.8%) |
| Vacant Housing Units | 1,253 ( 6.4%) |
| Median Home Value | $476,777 |
| Average Home Value | $584,786 |
Housing Distribution
Address Breakdown
Residential
18,630
Single Family
5,757
Multi-Family
12,873
Businesses
1,472
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Winkels • Boardwalk Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6808741