3804 Harriet AveMinneapolisMN55409
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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 3804 Harriet Ave, Minneapolis, MN, 55409 offers a 8.59% rental yield on a $534,900 purchase with $3,827/mo rent. Total monthly income registers $3,827/mo, and a $2,618/mo payment leaves $487/mo available for distribution. Annual cash flow reaches $5,843/yr on $175,982 to close, and return on cash invested stands at 23.38% in year one. Equity gained on principal adds $3,452/yr while 5% annual appreciation supports $147,783 over five years. Portfolio math shows five-year ROI at 121.5% and total cumulative return in cash at $213,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,827/mo property income against a $2,618/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
3,484 sqft lot
$N/A/sqft
No 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
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Listed by: Michael James Seebinger • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6777077