628 20th Ave SMinneapolisMN55454
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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 628 20th Ave S, Minneapolis, MN, 55454 uses $115,992 cash to close to unlock $15,548/yr annual cash flow and $1,296/mo monthly cash flow. Total monthly income runs $3,481/mo, and a $1,713/mo payment keeps the spread at $1,296/mo. Purchase price stands at $349,900, and rental yield measures 11.94% with $3,481/mo rent. Return on cash invested shows 33.31% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 174.8% and total cumulative return in cash records $202,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,481/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 2015
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55454, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,676 (100%) |
| Owner Occupied HU | 245 ( 6.7%) |
| Renter Occupied HU | 3,205 (87.2%) |
| Vacant Housing Units | 226 ( 6.1%) |
| Median Home Value | $182,609 |
| Average Home Value | $317,628 |
Housing Distribution
Address Breakdown
Residential
3,678
Single Family
295
Multi-Family
3,383
Businesses
162
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Listed by: Chul C Kwak • Chul Kwak, Broker
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6768840