500 E Grant St APT 907MinneapolisMN55404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,780/mo, and a $2,056/mo payment. Purchase price stands at $420,000, and rental yield measures 5.09% with $1,780/mo rent. Return on cash invested shows 12.64% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 63.95% and total cumulative return in cash records $89,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,780/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Condo
Built in 2004
1.14 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary B. McEvoy • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6657735