3620 Boardman StMinneapolisMN55417
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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 3620 Boardman St, Minneapolis, MN, 55417 uses $101,108 cash to close to unlock $2,943/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $2,150/mo, and a $1,493/mo payment keeps the spread at $245/mo. Purchase price stands at $305,000, and rental yield measures 8.46% with $2,150/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 118.55% and total cumulative return in cash records $119,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,150/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55417, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 8,465 (76.5%) |
| Renter Occupied HU | 2,252 (20.4%) |
| Vacant Housing Units | 349 ( 3.2%) |
| Median Home Value | $394,942 |
| Average Home Value | $455,862 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
9,913
Multi-Family
1,409
Businesses
324
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Listed by: Patrick J Hogan • Virtual Realty Associates
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6790509