5239 N 6th StMinneapolisMN55430
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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
Rental property for sale in Minneapolis at 5239 N 6th St, Minneapolis, MN, 55430 generates $2,375/mo in rent and, after a $1,713/mo payment, leaves $190/mo in cash flow. Total monthly income is $2,375/mo, and annual cash flow is $2,274/yr on $116,025 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 8.14% on a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 113.43% and total cumulative return in cash sums $131,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,375/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55430, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,542 (100%) |
| Owner Occupied HU | 5,100 (59.7%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 269 ( 3.1%) |
| Median Home Value | $289,186 |
| Average Home Value | $372,850 |
Housing Distribution
Address Breakdown
Residential
8,640
Single Family
6,882
Multi-Family
1,758
Businesses
504
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Listed by: Ryan Kempenich • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823030