3724 Bloomington AveMinneapolisMN55407
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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
Rental property for sale in Minneapolis at 3724 Bloomington Ave, Minneapolis, MN, 55407 priced at $399,999 pairs $1,861/mo rent with after a $1,958/mo payment. Total monthly income equals $1,861/mo. Return on cash invested is 14.14% in year one, and rental yield stands at 5.58% on a $399,999 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,512 by year five. Five-year ROI measures 71.99% and total cumulative return in cash reaches $95,463. For financing, Ziffy Mortgage’s DSCR program evaluates $1,861/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1912
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55407, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 7,551 (50.5%) |
| Renter Occupied HU | 6,647 (44.4%) |
| Vacant Housing Units | 769 ( 5.1%) |
| Median Home Value | $350,929 |
| Average Home Value | $382,751 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
10,906
Multi-Family
4,147
Businesses
853
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Listed by: Susan Ferrara • Northstar Real Estate Associates
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6792965