4720 Nicollet Ave #4MinneapolisMN55419
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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 4720 Nicollet Ave #4, Minneapolis, MN, 55419 uses $74,851 cash to close to unlock $3,746/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,722/mo, and a $1,105/mo payment keeps the spread at $312/mo. Purchase price stands at $225,795, and rental yield measures 9.15% with $1,722/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $62,383 over five years. Five-year ROI reaches 129.8% and total cumulative return in cash records $97,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,722/mo property income covering a $1,105/mo payment rather than investor’s personal income.
Condo
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55419, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,125 (100%) |
| Owner Occupied HU | 8,073 (72.6%) |
| Renter Occupied HU | 2,657 (23.9%) |
| Vacant Housing Units | 395 ( 3.6%) |
| Median Home Value | $528,199 |
| Average Home Value | $599,489 |
Housing Distribution
Address Breakdown
Residential
11,040
Single Family
9,582
Multi-Family
1,458
Businesses
519
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Listed by: Lana Cook • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6742350