433 S 7th St APT 1609MinneapolisMN55415
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 433 S 7th St APT 1609, Minneapolis, MN, 55415 uses $34,808 cash to close to unlock $1,683/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $796/mo, and a $514/mo payment keeps the spread at $140/mo. Purchase price stands at $105,000, and rental yield measures 9.1% with $796/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 128.98% and total cumulative return in cash records $44,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $796/mo property income covering a $514/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55415, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 1,010 (20.3%) |
| Renter Occupied HU | 3,097 (62.4%) |
| Vacant Housing Units | 859 (17.3%) |
| Median Home Value | $647,758 |
| Average Home Value | $745,526 |
Housing Distribution
Address Breakdown
Residential
4,092
Single Family
120
Multi-Family
3,972
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Omae • Keller Williams Classic Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6800510