3654 Lyndale Ave S #3MinneapolisMN55409
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3654 Lyndale Ave S #3, Minneapolis, MN, 55409 in Minneapolis at $200,000 earns $1,664/mo in rent and nets $84/mo after the $899/mo payment, a 9.99% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $55,256 over five years. Ziffy Mortgage underwrites this on a 1.85 DSCR without U.S. credit history. With $1,842/yr in principal paydown, total projected return reaches $82,691.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 4.8% |
| Monthly Cash Flow | $84 | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,664 |
| Total Monthly Debt Service | $1,501 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1915
4,791 sqft lot
$N/A/sqft
$300 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1915
4,791 sqft lot
$N/A/sqft
$300 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cole Hooey • Anderson Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6750832
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