7316 W 22nd St APT 202MinneapolisMN55426
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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 7316 W 22nd St APT 202, Minneapolis, MN, 55426 listed at $154,000 pairs $1,400/mo rent with a $754/mo payment to leave $438/mo cash flow. Total monthly income runs $1,400/mo, and annual cash flow reaches $5,257/yr on $51,051 cash to close. Return on cash invested measures 30.21% in year one, and rental yield registers 10.91% at a $154,000 basis. Equity gained on principal adds $994/yr, and annual property appreciation at 5% supports $42,547 by year five. Five-year ROI tracks 158.25% and total cumulative return in cash totals $80,786. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,400/mo property income relative to a $754/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55426, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,507 (100%) |
| Owner Occupied HU | 7,030 (56.2%) |
| Renter Occupied HU | 4,846 (38.7%) |
| Vacant Housing Units | 631 ( 5.0%) |
| Median Home Value | $391,247 |
| Average Home Value | $451,864 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
7,737
Multi-Family
4,480
Businesses
933
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Listed by: Grigoriy Vayntrub • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6758539