4924 Queen Ave NMinneapolisMN55430
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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 4924 Queen Ave N, Minneapolis, MN, 55430 uses $86,157 cash to close to unlock $2,534/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $1,272/mo payment keeps the spread at $211/mo. Purchase price stands at $259,900, and rental yield measures 8.47% with $1,834/mo rent. Return on cash invested shows 22.85% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 118.73% and total cumulative return in cash records $102,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55430, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,542 (100%) |
| Owner Occupied HU | 5,100 (59.7%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 269 ( 3.1%) |
| Median Home Value | $289,186 |
| Average Home Value | $372,850 |
Housing Distribution
Address Breakdown
Residential
8,640
Single Family
6,882
Multi-Family
1,758
Businesses
504
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Listed by: Josh Savageau • Keller Williams Classic Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807999