4010 Thomas 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 4010 Thomas Ave N, Minneapolis, MN, 55412 uses $62,985 cash to close to unlock $3,738/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,498/mo, and a $930/mo payment keeps the spread at $312/mo. Purchase price stands at $190,000, and rental yield measures 9.46% with $1,498/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 134.78% and total cumulative return in cash records $84,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,498/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1916
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: Mitchel Herian • Kris Lindahl Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6771985