617 Morgan Ave NMinneapolisMN55411
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 617 Morgan Ave N, Minneapolis, MN, 55411 at $344,900 posts ROI 20.53% with $59/mo cash flow from $2,213/mo rent. Total monthly income equals $2,213/mo, and annual cash flow records $713/yr on $114,334 to close. Return on cash invested measures 20.53% and rental yield reads 7.7% at the current $344,900. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,290 by year five. Five-year ROI prints 106.27% and total cumulative return in cash totals $121,509.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,213/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1921
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55411, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,733 (100%) |
| Owner Occupied HU | 4,196 (39.1%) |
| Renter Occupied HU | 5,821 (54.2%) |
| Vacant Housing Units | 716 ( 6.7%) |
| Median Home Value | $303,806 |
| Average Home Value | $380,840 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,965
Multi-Family
1,846
Businesses
668
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Nearby investment properties with comparable prices
Listed by: Ineye Bobmanuel • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783350