604 Morgan Ave SMinneapolisMN55405
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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 604 Morgan Ave S, Minneapolis, MN, 55405 generates $5,359/mo in rent and, after a $3,915/mo payment, leaves $364/mo in cash flow. Total monthly income is $5,359/mo, and annual cash flow is $4,370/yr on $263,167 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 8.04% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 112.61% and total cumulative return in cash sums $296,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,359/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55405, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,925 (100%) |
| Owner Occupied HU | 2,502 (31.6%) |
| Renter Occupied HU | 4,785 (60.4%) |
| Vacant Housing Units | 638 ( 8.1%) |
| Median Home Value | $558,861 |
| Average Home Value | $683,129 |
Housing Distribution
Address Breakdown
Residential
7,492
Single Family
3,720
Multi-Family
3,772
Businesses
593
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Listed by: Alexander D Boylan • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6758863