522 Ridgewood Ave APT 9MinneapolisMN55403
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 522 Ridgewood Ave APT 9, Minneapolis, MN, 55403 in Minneapolis is the 1.68 coverage ratio: rent of $831/mo versus a $495/mo debt payment on a $110,000 property. Rental yield 9.07%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $30,391 by year five, with $1,013/yr in equity from paydown. Total projected cumulative return: $51,013.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 4.8% |
| Monthly Cash Flow | $(246) | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $831 |
| Total Monthly Debt Service | $643 |
| DSCR Ratio | 1.29x |
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 1925
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55403, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 2,259 (16.3%) |
| Renter Occupied HU | 10,313 (74.4%) |
| Vacant Housing Units | 1,283 ( 9.3%) |
| Median Home Value | $538,012 |
| Average Home Value | $658,136 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
969
Multi-Family
11,574
Businesses
663
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 1925
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55403, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 2,259 (16.3%) |
| Renter Occupied HU | 10,313 (74.4%) |
| Vacant Housing Units | 1,283 ( 9.3%) |
| Median Home Value | $538,012 |
| Average Home Value | $658,136 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
969
Multi-Family
11,574
Businesses
663
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7024176