3237 Hennepin AveMinneapolisMN55408
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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 3237 Hennepin Ave, Minneapolis, MN, 55408 priced at $506,900 converts $3,628/mo rent into $406/mo cash flow after a $2,481/mo obligation. Total monthly income equals $3,628/mo, and annual cash flow totals $4,868/yr on $166,770 invested. Return on cash invested prints 22.98% in year one, and rental yield reads 8.59% against a $506,900 entry. Equity gained on principal adds $3,271/yr, while 5% annual appreciation compiles into $140,047 by year five. Five-year ROI reaches 119.49% and total cumulative return in cash sums $199,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,628/mo property income covering a $2,481/mo payment, not borrower’s personal income.
Single Family
Built in 1907
5,383 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
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