3249 Fremont Ave SMinneapolisMN55408
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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 3249 Fremont Ave S, Minneapolis, MN, 55408 offers a 7.53% rental yield on a $500,000 purchase with $3,138/mo rent. Total monthly income registers $3,138/mo, and a $2,447/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $192/yr on $165,750 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 103.53% and total cumulative return in cash at $171,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,138/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1904
5,662 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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Listed by: Scott Swennes • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7014245