613 Harrison St NEMinneapolisMN55413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 613 Harrison St NE, Minneapolis, MN, 55413 with 5% annual appreciation on a $475,000 basis while $3,749/mo rent supports operations. Total monthly income totals $3,749/mo and a $2,325/mo payment preserves $783/mo for cash returns. Annual cash flow comes to $9,393/yr on $157,463 deployed, and return on cash invested reaches 25.87% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 9.47%. Five-year ROI measures 134.9% and total cumulative return in cash totals $212,419.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,749/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1896
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55413, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,900 (100%) |
| Owner Occupied HU | 2,427 (27.3%) |
| Renter Occupied HU | 5,696 (64.0%) |
| Vacant Housing Units | 777 ( 8.7%) |
| Median Home Value | $414,862 |
| Average Home Value | $485,616 |
Housing Distribution
Address Breakdown
Residential
8,225
Single Family
3,774
Multi-Family
4,451
Businesses
1,197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Parkin • Verve Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816697