3242 Morgan Ave NMinneapolisMN55412
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
Rental property for sale in Minneapolis at 3242 Morgan Ave N, Minneapolis, MN, 55412 priced at $200,000 converts $1,333/mo rent into $84/mo cash flow after a $979/mo obligation. Total monthly income equals $1,333/mo, and annual cash flow totals $1,008/yr on $66,300 invested. Return on cash invested prints 21.43% in year one, and rental yield reads 8% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 111.07% and total cumulative return in cash sums $73,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,333/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1914
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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Nearby investment properties with comparable prices
Listed by: Jordan Eatherton • LPT Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6650788
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