6425 83rd Ct N UNIT 42DMinneapolisMN55445
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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 6425 83rd Ct N UNIT 42D, Minneapolis, MN, 55445 earns $293/mo cash flow from $1,324/mo rent with a $808/mo payment. Total monthly income totals $1,324/mo, and annual cash flow totals $3,519/yr on $54,698 capital. ROI tracks 26.34% on current figures, and rental yield reads 9.63% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 137.47% and total cumulative return in cash sums $75,191. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,324/mo property income instead of your personal income.
Townhouse
Built in 1973
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55445, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,694 (100%) |
| Owner Occupied HU | 3,543 (75.5%) |
| Renter Occupied HU | 1,004 (21.4%) |
| Vacant Housing Units | 147 ( 3.1%) |
| Median Home Value | $364,311 |
| Average Home Value | $424,820 |
Housing Distribution
Address Breakdown
Residential
4,704
Single Family
4,066
Multi-Family
638
Businesses
411
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Listed by: Angie Gerber • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821274