723 Sheridan Ave NMinneapolisMN55411
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
Rental property for sale in Minneapolis at 723 Sheridan Ave N, Minneapolis, MN, 55411 priced at $160,000 pairs $1,279/mo rent with $280/mo cash flow after a $783/mo payment. Total monthly income equals $1,279/mo, and annual cash flow comes to $3,360/yr on $53,040 invested. Return on cash invested is 26.24% in year one, and rental yield stands at 9.59% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 136.88% and total cumulative return in cash reaches $72,602. For financing, Ziffy Mortgage’s DSCR program evaluates $1,279/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55411, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,733 (100%) |
| Owner Occupied HU | 4,196 (39.1%) |
| Renter Occupied HU | 5,821 (54.2%) |
| Vacant Housing Units | 716 ( 6.7%) |
| Median Home Value | $303,806 |
| Average Home Value | $380,840 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,965
Multi-Family
1,846
Businesses
668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Osborne W Strickland • City of Lakes Community Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6781862