524 37th Ave NEMinneapolisMN55421
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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 524 37th Ave NE, Minneapolis, MN, 55421 listed at $400,000 pairs $4,663/mo rent with a $1,958/mo payment to leave $2,165/mo cash flow. Total monthly income runs $4,663/mo, and annual cash flow reaches $25,980/yr on $132,600 cash to close. Return on cash invested measures 39.5% in year one, and rental yield registers 13.99% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 207.97% and total cumulative return in cash totals $275,764. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,663/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1965
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55421, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 7,201 (51.9%) |
| Renter Occupied HU | 5,970 (43.0%) |
| Vacant Housing Units | 709 ( 5.1%) |
| Median Home Value | $307,043 |
| Average Home Value | $316,918 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
8,270
Multi-Family
4,514
Businesses
647
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Nearby investment properties with comparable prices
Listed by: Kath Hammerseng- Sohus Real Estate Group • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6745571