500 E Grant St APT 1102MinneapolisMN55404
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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 500 E Grant St APT 1102, Minneapolis, MN, 55404 earns $1,006/mo cash flow from $3,690/mo rent with a $2,104/mo payment. Total monthly income totals $3,690/mo, and annual cash flow totals $12,068/yr on $142,512 capital. ROI tracks 28.38% on current figures, and rental yield reads 10.3% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 148.32% and total cumulative return in cash sums $211,375. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,690/mo property income instead of your personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
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Listed by: Isaac Arthur Kuehn • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005375