3750 Colfax Ave NMinneapolisMN55412
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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 3750 Colfax Ave N, Minneapolis, MN, 55412 listed at $174,900 pairs $1,339/mo rent with a $856/mo payment to leave $247/mo cash flow. Total monthly income runs $1,339/mo, and annual cash flow reaches $2,963/yr on $57,979 cash to close. Return on cash invested measures 25.02% in year one, and rental yield registers 9.19% at a $174,900 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,322 by year five. Five-year ROI tracks 130.33% and total cumulative return in cash totals $75,564. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,339/mo property income relative to a $856/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1912
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55412, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,813 (100%) |
| Owner Occupied HU | 5,388 (61.1%) |
| Renter Occupied HU | 2,946 (33.4%) |
| Vacant Housing Units | 479 ( 5.4%) |
| Median Home Value | $300,000 |
| Average Home Value | $354,680 |
Housing Distribution
Address Breakdown
Residential
8,658
Single Family
7,801
Multi-Family
857
Businesses
216
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Listed by: Amy Tompkins • Pemberton RE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818291