6045 Oakland AveMinneapolisMN55417
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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 6045 Oakland Ave, Minneapolis, MN, 55417 offers a 9.09% rental yield on a $467,800 purchase with $3,542/mo rent. Total monthly income registers $3,542/mo, and a $2,290/mo payment leaves $541/mo available for distribution. Annual cash flow reaches $6,496/yr on $155,076 to close, and return on cash invested stands at 24.1% in year one. Equity gained on principal adds $3,019/yr while 5% annual appreciation supports $129,245 over five years. Portfolio math shows five-year ROI at 125.61% and total cumulative return in cash at $194,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,542/mo property income against a $2,290/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,405 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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