422 Logan Ave NMinneapolisMN55405
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
Investment Highlights
Investment property for sale in Minneapolis at 422 Logan Ave N, Minneapolis, MN, 55405 at $192,000 posts ROI 22.21% with $122/mo cash flow from $1,321/mo rent. Total monthly income equals $1,321/mo, and annual cash flow records $1,462/yr on $63,648 to close. Return on cash invested measures 22.21% and rental yield reads 8.26% at the current $192,000. Equity gained on principal adds $1,239/yr, and 5% annual appreciation supports $53,046 by year five. Five-year ROI prints 115.24% and total cumulative return in cash totals $73,348.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,321/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55405, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,925 (100%) |
| Owner Occupied HU | 2,502 (31.6%) |
| Renter Occupied HU | 4,785 (60.4%) |
| Vacant Housing Units | 638 ( 8.1%) |
| Median Home Value | $558,861 |
| Average Home Value | $683,129 |
Housing Distribution
Address Breakdown
Residential
7,492
Single Family
3,720
Multi-Family
3,772
Businesses
593
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Nearby investment properties with comparable prices
Listed by: Nicholas (Nick) Junker • Redfin Corporation
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826650