4824 E 53rd St APT 422MinneapolisMN55417
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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 4824 E 53rd St APT 422, Minneapolis, MN, 55417 earns $65/mo cash flow from $1,470/mo rent with a $1,101/mo payment. Total monthly income totals $1,470/mo, and annual cash flow totals $783/yr on $74,588 capital. ROI tracks 20.96% on current figures, and rental yield reads 7.84% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash sums $80,997. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,470/mo property income instead of your personal income.
Condo
Built in 2005
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55417, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 8,465 (76.5%) |
| Renter Occupied HU | 2,252 (20.4%) |
| Vacant Housing Units | 349 ( 3.2%) |
| Median Home Value | $394,942 |
| Average Home Value | $455,862 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
9,913
Multi-Family
1,409
Businesses
324
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Listed by: TJ Pierret • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6749638