3520 21st Ave SMinneapolisMN55407
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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
Investment property for sale in Minneapolis at 3520 21st Ave S, Minneapolis, MN, 55407 uses $107,738 cash to close to unlock $8,751/yr annual cash flow and $729/mo monthly cash flow. Total monthly income runs $2,759/mo, and a $1,591/mo payment keeps the spread at $729/mo. Purchase price stands at $325,000, and rental yield measures 10.19% with $2,759/mo rent. Return on cash invested shows 28.03% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 146.51% and total cumulative return in cash records $157,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55407, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 7,551 (50.5%) |
| Renter Occupied HU | 6,647 (44.4%) |
| Vacant Housing Units | 769 ( 5.1%) |
| Median Home Value | $350,929 |
| Average Home Value | $382,751 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
10,906
Multi-Family
4,147
Businesses
853
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Listed by: Jen Piller Quade • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007513