4654 Cedar Lake Rd S APT 6MinneapolisMN55416
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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 4654 Cedar Lake Rd S APT 6, Minneapolis, MN, 55416 listed at $155,000 pairs $1,343/mo rent with a $759/mo payment to leave $375/mo cash flow. Total monthly income runs $1,343/mo, and annual cash flow reaches $4,497/yr on $51,383 cash to close. Return on cash invested measures 28.66% in year one, and rental yield registers 10.4% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 149.87% and total cumulative return in cash totals $77,008. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,343/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
15.80 Acres 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: Caitlin Madzo • BRIX Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6750571