428 University Ave NEMinneapolisMN55413
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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
Rental property for sale in Minneapolis at 428 University Ave NE, Minneapolis, MN, 55413 priced at $500,000 converts $2,704/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,704/mo. Return on cash invested prints 16.88% in year one, and rental yield reads 6.49% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 86.68% and total cumulative return in cash sums $143,672. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,704/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Multi Family
Built in 1904
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55413, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,900 (100%) |
| Owner Occupied HU | 2,427 (27.3%) |
| Renter Occupied HU | 5,696 (64.0%) |
| Vacant Housing Units | 777 ( 8.7%) |
| Median Home Value | $414,862 |
| Average Home Value | $485,616 |
Housing Distribution
Address Breakdown
Residential
8,225
Single Family
3,774
Multi-Family
4,451
Businesses
1,197
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Listed by: Brett R. Hildreth • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6689732