408 N 1st Street #408MinneapolisMN55435
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Nearby investment properties with comparable prices
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 408 N 1st Street #408, Minneapolis, MN, 55435 offers a 7.11% rental yield on a $550,000 purchase with $3,259/mo rent. 39% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 69.9% and total cumulative return in cash at $126,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,259/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
$831 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55435, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,855 (100%) |
| Owner Occupied HU | 3,125 (35.3%) |
| Renter Occupied HU | 4,637 (52.4%) |
| Vacant Housing Units | 1,093 (12.3%) |
| Median Home Value | $486,519 |
| Average Home Value | $519,287 |
Housing Distribution
Address Breakdown
Residential
8,596
Single Family
1,673
Multi-Family
6,923
Businesses
1,068
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Listed by: Jessica Prudden • Prudden & Company
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6673491
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