506 River StMinneapolisMN55401
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
Investment property for sale in Minneapolis at 506 River St, Minneapolis, MN, 55401 listed at $1,495,000 pairs $2,384/mo rent with a $7,317/mo payment. Total monthly income runs $2,384/mo. Return on cash invested measures 3.15% in year one, and rental yield registers 1.91% at a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and annual property appreciation at 5% supports $413,041 by year five. Five-year ROI tracks 12.94% and total cumulative return in cash totals $62,677. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,384/mo property income relative to a $7,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
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Listed by: Kristen Lervick Christianson • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783162