6005 13th Ave SMinneapolisMN55417
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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 6005 13th Ave S, Minneapolis, MN, 55417 offers a 7.89% rental yield on a $434,900 purchase with $2,861/mo rent. Total monthly income registers $2,861/mo, and a $2,129/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,739/yr on $144,169 to close, and return on cash invested stands at 21.11% in year one. Equity gained on principal adds $2,806/yr while 5% annual appreciation supports $120,155 over five years. Portfolio math shows five-year ROI at 109.37% and total cumulative return in cash at $157,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,861/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55417, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 8,465 (76.5%) |
| Renter Occupied HU | 2,252 (20.4%) |
| Vacant Housing Units | 349 ( 3.2%) |
| Median Home Value | $394,942 |
| Average Home Value | $455,862 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
9,913
Multi-Family
1,409
Businesses
324
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Listed by: Paulo Mora • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002682