3310 Nicollet Ave UNIT 202MinneapolisMN55408
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
Investment property for sale in Minneapolis at 3310 Nicollet Ave UNIT 202, Minneapolis, MN, 55408 earns $778/mo cash flow from $2,827/mo rent with a $1,115/mo payment. Total monthly income totals $2,827/mo, and annual cash flow totals $9,340/yr on $75,549 capital. ROI tracks 32.27% on current figures, and rental yield reads 14.89% at a $227,900 purchase. Equity gained on principal adds $1,471/yr, and 5% annual appreciation supports $62,965 over five years. Five-year ROI reaches 172.84% and total cumulative return in cash sums $130,579. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,827/mo property income instead of your personal income.
Condo
Built in 2006
0.52 Acres lot
$N/A/sqft
$607 monthly 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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Nearby investment properties with comparable prices
Listed by: Christopher (Chris) Munsell • Redfin Corporation
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6608267
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 20:36:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)