4100 Garfield AveMinneapolisMN55409
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 4100 Garfield Ave, Minneapolis, MN, 55409 in Minneapolis: $6,097/mo in rent, $1,108/mo in net income, 9.16% gross yield, 1.70 DSCR, all at $799,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $220,749 in appreciation and $7,359/yr in principal paydown projects total cumulative return of $374,439.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.8% |
| Monthly Cash Flow | $1,108 | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,097 |
| Total Monthly Debt Service | $4,671 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1913
7,840 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1913
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Wong • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6756799