716 N 1st St #535MinneapolisMN55401
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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 716 N 1st St #535, Minneapolis, MN, 55401 uses $82,776 cash to close to unlock $1,819/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,222/mo payment keeps the spread at $152/mo. Purchase price stands at $249,700, and rental yield measures 11.51% with $2,394/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $68,988 over five years. Five-year ROI reaches 118.31% and total cumulative return in cash records $97,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,222/mo payment rather than investor’s personal income.
Condo
Built in 1900
0.52 Acres lot
$N/A/sqft
$583 monthly 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
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Listed by: N/A • N/A
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