3801 W 98th St APT 402MinneapolisMN55431
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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 3801 W 98th St APT 402, Minneapolis, MN, 55431 generates $1,375/mo in rent, after a $870/mo payment. Total monthly income is $1,375/mo. Return on cash invested sits at 12.19% in year one, and rental yield is 9.28% on a $177,750 entry. Equity gained on principal adds $1,147/yr, while 5% annual appreciation builds toward $49,109 over five years. Five-year ROI reaches 66.36% and total cumulative return in cash sums $39,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,375/mo property income rather than buyer’s personal income.
Condo
Built in 1984
2.58 Acres lot
$N/A/sqft
$644 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55431, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,161 (100%) |
| Owner Occupied HU | 5,743 (62.7%) |
| Renter Occupied HU | 3,016 (32.9%) |
| Vacant Housing Units | 402 ( 4.4%) |
| Median Home Value | $371,100 |
| Average Home Value | $426,014 |
Housing Distribution
Address Breakdown
Residential
8,891
Single Family
6,180
Multi-Family
2,711
Businesses
704
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Listed by: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11511573