501 53rd St WMinneapolisMN55419
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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 501 53rd St W, Minneapolis, MN, 55419 earns $359/mo cash flow from $2,856/mo rent with a $1,957/mo payment. Total monthly income totals $2,856/mo, and annual cash flow totals $4,310/yr on $132,567 capital. ROI tracks 23.16% on current figures, and rental yield reads 8.57% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 120.36% and total cumulative return in cash sums $159,560. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,856/mo property income instead of your personal income.
Single Family
Built in 1921
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55419, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,125 (100%) |
| Owner Occupied HU | 8,073 (72.6%) |
| Renter Occupied HU | 2,657 (23.9%) |
| Vacant Housing Units | 395 ( 3.6%) |
| Median Home Value | $528,199 |
| Average Home Value | $599,489 |
Housing Distribution
Address Breakdown
Residential
11,040
Single Family
9,582
Multi-Family
1,458
Businesses
519
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Nearby investment properties with comparable prices
Listed by: Ted J. Bergstrom • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003277