3354 Washburn Ave NMinneapolisMN55412
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 3354 Washburn Ave N, Minneapolis, MN, 55412 earns $987/mo cash flow from $2,954/mo rent with a $1,542/mo payment. Total monthly income totals $2,954/mo, and annual cash flow totals $11,841/yr on $104,423 capital. ROI tracks 31.25% on current figures, and rental yield reads 11.25% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 163.72% and total cumulative return in cash sums $170,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,954/mo property income instead of your personal income.
Single Family
Built in 1924
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Blake • Pemberton RE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6799021