511 E 3rd StMinneapolisKS67467
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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 511 E 3rd St, Minneapolis, KS, 67467 uses $59,670 cash to close to unlock $2,622/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,416/mo, and a $881/mo payment keeps the spread at $219/mo. Purchase price stands at $180,000, and rental yield measures 9.44% with $1,416/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 127.07% and total cumulative return in cash records $75,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,416/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67467, Minneapolis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,340 (100%) |
| Owner Occupied HU | 880 (65.7%) |
| Renter Occupied HU | 267 (19.9%) |
| Vacant Housing Units | 193 (14.4%) |
| Median Home Value | $228,814 |
| Average Home Value | $240,710 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,163
Multi-Family
30
Businesses
158
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Listed by: Donna Sinnett • SalinaHomes
Mls Name: SCKMLS
Mls ID: #666940