702 N 1st St #521MinneapolisMN55401
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
Total monthly income runs $2,824/mo, and a $2,251/mo payment. Purchase price stands at $460,000, and rental yield measures 7.37% with $2,824/mo rent. Return on cash invested shows 19.53% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 100.88% and total cumulative return in cash records $153,829. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,824/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Milton • Keller Williams Premier Realty Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820416