619 8th St SE UNIT 103MinneapolisMN55414
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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 619 8th St SE UNIT 103, Minneapolis, MN, 55414 offers a 10.06% rental yield on a $285,000 purchase with $2,390/mo rent. Total monthly income registers $2,390/mo, and a $1,395/mo payment leaves $610/mo available for distribution. Annual cash flow reaches $7,323/yr on $94,478 to close, and return on cash invested stands at 27.66% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 144.52% and total cumulative return in cash at $136,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,390/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A 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: Michael P Fix • Fix Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6754976