5711 Xerxes Ave SMinneapolisMN55410
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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 5711 Xerxes Ave S, Minneapolis, MN, 55410 offers a 8.67% rental yield on a $550,000 purchase with $3,973/mo rent. Total monthly income registers $3,973/mo, and a $2,692/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,462/yr on $180,950 to close, and return on cash invested stands at 23.63% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 122.85% and total cumulative return in cash at $222,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,973/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1958
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55410, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,967 (100%) |
| Owner Occupied HU | 6,507 (72.6%) |
| Renter Occupied HU | 2,035 (22.7%) |
| Vacant Housing Units | 425 ( 4.7%) |
| Median Home Value | $648,685 |
| Average Home Value | $731,009 |
Housing Distribution
Address Breakdown
Residential
8,869
Single Family
7,605
Multi-Family
1,264
Businesses
275
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Listed by: Dan Nelson-Sohus Real Estate Group • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7006935