612 11th Ave SEMinneapolisMN55414
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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 612 11th Ave SE, Minneapolis, MN, 55414 generates $2,220/mo in rent and, after a $1,713/mo payment, leaves $35/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $414/yr on $116,025 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 7.61% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 104.84% and total cumulative return in cash sums $121,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55414, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,046 (100%) |
| Owner Occupied HU | 1,975 (11.6%) |
| Renter Occupied HU | 13,966 (81.9%) |
| Vacant Housing Units | 1,105 ( 6.5%) |
| Median Home Value | $540,769 |
| Average Home Value | $636,285 |
Housing Distribution
Address Breakdown
Residential
16,725
Single Family
4,350
Multi-Family
12,375
Businesses
1,032
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Listed by: Todd E. Priebe • Re/Max Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6797267