3308 Stevens 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 3308 Stevens Ave, Minneapolis, MN, 55408 generates $2,345/mo in rent, after a $2,247/mo payment. Total monthly income is $2,345/mo. Return on cash invested sits at 15.79% in year one, and rental yield is 6.13% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 80.87% and total cumulative return in cash sums $123,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,345/mo property income rather than buyer’s personal income.
Multi Family
Built in 1892
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: Kelly A Madden • Pemberton RE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807306