511 W 22nd StMinneapolisMN55405
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 511 W 22nd St, Minneapolis, MN, 55405 uses $124,313 cash to close to unlock $8,829/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $3,077/mo, and a $1,835/mo payment keeps the spread at $736/mo. Purchase price stands at $375,000, and rental yield measures 9.85% with $3,077/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 141% and total cumulative return in cash records $175,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,077/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1904
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55405, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,925 (100%) |
| Owner Occupied HU | 2,502 (31.6%) |
| Renter Occupied HU | 4,785 (60.4%) |
| Vacant Housing Units | 638 ( 8.1%) |
| Median Home Value | $558,861 |
| Average Home Value | $683,129 |
Housing Distribution
Address Breakdown
Residential
7,492
Single Family
3,720
Multi-Family
3,772
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason T Lange • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821301