6710 Vernon Ave S APT 316MinneapolisMN55436
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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 6710 Vernon Ave S APT 316, Minneapolis, MN, 55436 earns from $978/mo rent with a $626/mo payment. Total monthly income totals $978/mo. ROI tracks 9.79% on current figures, and rental yield reads 9.18% at a $127,900 purchase. Equity gained on principal adds $825/yr, and 5% annual appreciation supports $35,336 over five years. Five-year ROI reaches 54.21% and total cumulative return in cash sums $22,983. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $978/mo property income instead of your personal income.
Condo
Built in 1972
8.90 Acres lot
$N/A/sqft
$537 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55436, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,505 (100%) |
| Owner Occupied HU | 4,496 (69.1%) |
| Renter Occupied HU | 1,513 (23.3%) |
| Vacant Housing Units | 496 ( 7.6%) |
| Median Home Value | $657,434 |
| Average Home Value | $747,332 |
Housing Distribution
Address Breakdown
Residential
6,457
Single Family
4,211
Multi-Family
2,246
Businesses
186
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Nearby investment properties with comparable prices
Listed by: Kari Cartier • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6737093
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