6116 64th Ave N #0MinneapolisMN55429
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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 6116 64th Ave N #0, Minneapolis, MN, 55429 earns $202/mo cash flow from $1,170/mo rent with a $759/mo payment. Total monthly income totals $1,170/mo, and annual cash flow totals $2,421/yr on $51,383 capital. ROI tracks 24.62% on current figures, and rental yield reads 9.06% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 128.2% and total cumulative return in cash sums $65,872. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,170/mo property income instead of your personal income.
Townhouse
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55429, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 5,911 (56.0%) |
| Renter Occupied HU | 4,372 (41.4%) |
| Vacant Housing Units | 280 ( 2.7%) |
| Median Home Value | $292,784 |
| Average Home Value | $349,801 |
Housing Distribution
Address Breakdown
Residential
10,664
Single Family
7,143
Multi-Family
3,521
Businesses
562
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Listed by: Corey McCracken • RE/MAX Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004882