6112 Russell 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 6112 Russell Ave S, Minneapolis, MN, 55410 uses $124,313 cash to close to unlock $13,869/yr annual cash flow and $1,156/mo monthly cash flow. Total monthly income runs $3,497/mo, and a $1,835/mo payment keeps the spread at $1,156/mo. Purchase price stands at $375,000, and rental yield measures 11.19% with $3,497/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 162.73% and total cumulative return in cash records $202,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,497/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,662 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: Erik W Wood • Compass
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6757292