3640 Wooddale Ave S UNIT 303MinneapolisMN55416
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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 3640 Wooddale Ave S UNIT 303, Minneapolis, MN, 55416 uses $79,162 cash to close to unlock $91/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $1,499/mo, and a $1,169/mo payment keeps the spread at $8/mo. Purchase price stands at $238,800, and rental yield measures 7.53% with $1,499/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $65,976 over five years. Five-year ROI reaches 103.55% and total cumulative return in cash records $81,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,499/mo property income covering a $1,169/mo payment rather than investor’s personal income.
Condo
Built in 2006
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55416, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,342 (100%) |
| Owner Occupied HU | 8,308 (40.8%) |
| Renter Occupied HU | 10,114 (49.7%) |
| Vacant Housing Units | 1,920 ( 9.4%) |
| Median Home Value | $532,918 |
| Average Home Value | $587,316 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Caleb Carlson • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6750770