7106 W 113th StMinneapolisMN55438
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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 7106 W 113th St, Minneapolis, MN, 55438 listed at $274,900 pairs $2,300/mo rent with a $1,346/mo payment to leave $584/mo cash flow. Total monthly income runs $2,300/mo, and annual cash flow reaches $7,007/yr on $91,129 cash to close. Return on cash invested measures 27.6% in year one, and rental yield registers 10.04% at a $274,900 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,950 by year five. Five-year ROI tracks 144.14% and total cumulative return in cash totals $131,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,300/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55438, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,444 (69.7%) |
| Renter Occupied HU | 1,909 (24.4%) |
| Vacant Housing Units | 457 ( 5.9%) |
| Median Home Value | $492,032 |
| Average Home Value | $545,876 |
Housing Distribution
Address Breakdown
Residential
7,806
Single Family
5,731
Multi-Family
2,075
Businesses
318
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Listed by: Mark Spindler • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770864