4343 Garfield AveMinneapolisMN55409
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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 4343 Garfield Ave, Minneapolis, MN, 55409 earns from $2,790/mo rent with a $2,589/mo payment. Total monthly income totals $2,790/mo. ROI tracks 16.52% on current figures, and rental yield reads 6.33% at a $529,000 purchase. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 over five years. Five-year ROI reaches 84.72% and total cumulative return in cash sums $147,449. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,790/mo property income instead of your personal income.
Single Family
Built in 1916
0.12 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
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Listed by: Paul D Anderson • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6786123