4940 Drew Ave SMinneapolisMN55410
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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 4940 Drew Ave S, Minneapolis, MN, 55410 listed at $969,900 pairs $3,248/mo rent with a $4,747/mo payment. Total monthly income runs $3,248/mo. Return on cash invested measures 9.5% in year one, and rental yield registers 4.02% at a $969,900 basis. Equity gained on principal adds $6,259/yr, and annual property appreciation at 5% supports $267,965 by year five. Five-year ROI tracks 47.06% and total cumulative return in cash totals $150,153. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,248/mo property income relative to a $4,747/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1936
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55410, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,967 (100%) |
| Owner Occupied HU | 6,507 (72.6%) |
| Renter Occupied HU | 2,035 (22.7%) |
| Vacant Housing Units | 425 ( 4.7%) |
| Median Home Value | $648,685 |
| Average Home Value | $731,009 |
Housing Distribution
Address Breakdown
Residential
8,869
Single Family
7,605
Multi-Family
1,264
Businesses
275
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Listed by: Rae Madkour • Sail
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6747724