7340 York Ave S APT 210MinneapolisMN55435
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
Investment property for sale in Minneapolis at 7340 York Ave S APT 210, Minneapolis, MN, 55435 listed at $148,000 pairs $1,112/mo rent with a $724/mo payment. Total monthly income runs $1,112/mo. Return on cash invested measures 12.65% in year one, and rental yield registers 9.02% at a $148,000 basis. Equity gained on principal adds $955/yr, and annual property appreciation at 5% supports $40,890 by year five. Five-year ROI tracks 68.37% and total cumulative return in cash totals $33,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,112/mo property income relative to a $724/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
9.24 Acres lot
$N/A/sqft
$485 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55435, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,855 (100%) |
| Owner Occupied HU | 3,125 (35.3%) |
| Renter Occupied HU | 4,637 (52.4%) |
| Vacant Housing Units | 1,093 (12.3%) |
| Median Home Value | $486,519 |
| Average Home Value | $519,287 |
Housing Distribution
Address Breakdown
Residential
8,596
Single Family
1,673
Multi-Family
6,923
Businesses
1,068
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Listed by: Erica Schmit • Fox Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6756314
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