545 N 1st St APT 123MinneapolisMN55401
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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 545 N 1st St APT 123, Minneapolis, MN, 55401 uses $92,820 cash to close to unlock $7,680/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $2,388/mo, and a $1,370/mo payment keeps the spread at $640/mo. Purchase price stands at $280,000, and rental yield measures 10.23% with $2,388/mo rent. Return on cash invested shows 28.18% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 147.28% and total cumulative return in cash records $136,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,388/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2002
7.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
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Listed by: James J. Snaza • Homes Plus Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825896