3322 Penn Ave NMinneapolisMN55412
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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
Total monthly income runs $2,500/mo, and a $2,513/mo payment. Purchase price stands at $513,400, and rental yield measures 5.84% with $2,500/mo rent. Return on cash invested shows 10.33% in year one, and 5% annual appreciation builds toward $141,843 over five years. Five-year ROI reaches 53.24% and total cumulative return in cash records $89,931. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,500/mo property income covering a $2,513/mo payment rather than investor’s personal income.
Multi Family
Built in 1929
4,984 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55412, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,813 (100%) |
| Owner Occupied HU | 5,388 (61.1%) |
| Renter Occupied HU | 2,946 (33.4%) |
| Vacant Housing Units | 479 ( 5.4%) |
| Median Home Value | $300,000 |
| Average Home Value | $354,680 |
Housing Distribution
Address Breakdown
Residential
8,658
Single Family
7,801
Multi-Family
857
Businesses
216
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A