3603 Aldrich Ave S APT 200MinneapolisMN55409
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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 3603 Aldrich Ave S APT 200, Minneapolis, MN, 55409 uses $72,897 cash to close to unlock $4,034/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,709/mo, and a $1,076/mo payment keeps the spread at $336/mo. Purchase price stands at $219,900, and rental yield measures 9.33% with $1,709/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 132.65% and total cumulative return in cash records $96,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,709/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1923
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55409, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,506 (100%) |
| Owner Occupied HU | 3,074 (55.8%) |
| Renter Occupied HU | 2,183 (39.6%) |
| Vacant Housing Units | 249 ( 4.5%) |
| Median Home Value | $428,632 |
| Average Home Value | $503,788 |
Housing Distribution
Address Breakdown
Residential
5,331
Single Family
3,825
Multi-Family
1,506
Businesses
239
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Listed by: Fritz Kroll • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823032