3609 Harriet AveMinneapolisMN55409
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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 3609 Harriet Ave, Minneapolis, MN, 55409 offers a 9.45% rental yield on a $370,000 purchase with $2,914/mo rent. Total monthly income registers $2,914/mo, and a $1,811/mo payment leaves $604/mo available for distribution. Annual cash flow reaches $7,242/yr on $122,655 to close, and return on cash invested stands at 25.81% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 134.6% and total cumulative return in cash at $165,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,914/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
5,227 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: Christopher Winkels • Boardwalk Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6777364