3310 Nicollet Ave UNIT 102MinneapolisMN55408
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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 3310 Nicollet Ave UNIT 102, Minneapolis, MN, 55408 generates $2,184/mo in rent and, after a $1,150/mo payment, leaves $717/mo in cash flow. Total monthly income is $2,184/mo, and annual cash flow is $8,601/yr on $77,903 invested. Return on cash invested sits at 30.95% in year one, and rental yield is 11.15% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 162.12% and total cumulative return in cash sums $126,292. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,184/mo property income rather than buyer’s personal income.
Condo
Built in 2006
0.52 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: Darya Ansari • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6772257