3305 Elliot AveMinneapolisMN55407
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3305 Elliot Ave, Minneapolis, MN, 55407 in Minneapolis speaks for itself: 13.72% gross on a $185,000 price, generating $2,116/mo in rent and $960/mo in net income after the $832/mo debt service. DSCR 2.54, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,524 stacks alongside $51,112 in projected five-year appreciation and $1,704/yr in principal reduction. Projected total cumulative return: $132,053.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 4.8% |
| Monthly Cash Flow | $960 | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,116 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 1.96x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
5,227 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
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
Multi Family
Built in 1900
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7096807