521 S 7th St Unit 619MinneapolisMN55415
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 521 S 7th St Unit 619, Minneapolis, MN, 55415 in Minneapolis worth modelling. At $329,900 with a 10.28% gross yield, the $2,827/mo rent leaves $54/mo after the $1,483/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.91 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $91,145 by year five; $3,038/yr in principal reduction adds further equity. Total projected return: $174,559.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 4.8% |
| Monthly Cash Flow | $54 | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,827 |
| Total Monthly Debt Service | $1,929 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1926
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55415, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 1,010 (20.3%) |
| Renter Occupied HU | 3,097 (62.4%) |
| Vacant Housing Units | 859 (17.3%) |
| Median Home Value | $647,758 |
| Average Home Value | $745,526 |
Housing Distribution
Address Breakdown
Residential
4,092
Single Family
120
Multi-Family
3,972
Businesses
388
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
Condo
Built in 1926
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55415, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 1,010 (20.3%) |
| Renter Occupied HU | 3,097 (62.4%) |
| Vacant Housing Units | 859 (17.3%) |
| Median Home Value | $647,758 |
| Average Home Value | $745,526 |
Housing Distribution
Address Breakdown
Residential
4,092
Single Family
120
Multi-Family
3,972
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Isaac Arthur Kuehn • DRG
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7020168