4630 Cedar Lake Rd S APT 2MinneapolisMN55416
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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 4630 Cedar Lake Rd S APT 2, Minneapolis, MN, 55416 offers a 9.49% rental yield on a $129,900 purchase with $1,027/mo rent. Total monthly income registers $1,027/mo, and a $636/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,588/yr on $43,062 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 135.2% and total cumulative return in cash at $58,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,027/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55416, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,342 (100%) |
| Owner Occupied HU | 8,308 (40.8%) |
| Renter Occupied HU | 10,114 (49.7%) |
| Vacant Housing Units | 1,920 ( 9.4%) |
| Median Home Value | $532,918 |
| Average Home Value | $587,316 |
Housing Distribution
Address Breakdown
Residential
19,078
Single Family
8,037
Multi-Family
11,041
Businesses
1,288
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Listed by: Alan E. Conard • Land of Lakes Rlty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826104