716 N 1st St UNIT 536MinneapolisMN55401
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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
Total monthly income runs $1,969/mo, and a $1,908/mo payment. Purchase price stands at $389,900, and rental yield measures 6.06% with $1,969/mo rent. Return on cash invested shows 15.59% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 79.74% and total cumulative return in cash records $103,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Condo
Built in 1886
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
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Listed by: Christopher J Friend • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6806172