6045 Penn Ave SMinneapolisMN55419
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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 6045 Penn Ave S, Minneapolis, MN, 55419 offers $2,767/mo rent that, after a $2,545/mo payment. Total monthly income is $2,767/mo. Return on cash invested measures 16.69% in year one, and rental yield stands at 6.39% at a $520,000 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,666 by year five. Five-year ROI records 85.63% and total cumulative return in cash reaches $146,495. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,767/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55419, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,125 (100%) |
| Owner Occupied HU | 8,073 (72.6%) |
| Renter Occupied HU | 2,657 (23.9%) |
| Vacant Housing Units | 395 ( 3.6%) |
| Median Home Value | $528,199 |
| Average Home Value | $599,489 |
Housing Distribution
Address Breakdown
Residential
11,040
Single Family
9,582
Multi-Family
1,458
Businesses
519
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Listed by: Daniel Jonathan Olson • Renters Warehouse
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6817348