461 Cedar Lake Rd SMinneapolisMN55405
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 461 Cedar Lake Rd S, Minneapolis, MN, 55405 in Minneapolis fits: $525,000, 4.78% gross yield, and a projected 5% annual appreciation rate adding $145,048 in value within five years. Rental yield 4.78%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.88) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,835/yr in principal paydown and $145,048 in appreciation project a total return of $122,680.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 4.8% |
| Monthly Cash Flow | $(1,189) | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,089 |
| Total Monthly Debt Service | $3,069 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1924
6,534 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
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
Single Family
Built in 1924
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Carlson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007488