433 S 7th St APT 1717MinneapolisMN55415
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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
Investment property for sale in Minneapolis at 433 S 7th St APT 1717, Minneapolis, MN, 55415 uses $41,438 cash to close to unlock $7,359/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $612/mo payment keeps the spread at $613/mo. Purchase price stands at $125,000, and rental yield measures 13.38% with $1,394/mo rent. Return on cash invested shows 37.67% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 198.27% and total cumulative return in cash records $82,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1985
1.17 Acres 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
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Listed by: Alexander J Gruye • Lion Rock Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6750637