7350 York Ave S APT 203MinneapolisMN55435
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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
Rental property for sale in Minneapolis at 7350 York Ave S APT 203, Minneapolis, MN, 55435 generates $965/mo in rent and, after a $611/mo payment, leaves $186/mo in cash flow. Total monthly income is $965/mo, and annual cash flow is $2,227/yr on $41,364 invested. Return on cash invested sits at 25.29% in year one, and rental yield is 9.28% on a $124,777 entry. Equity gained on principal adds $805/yr, while 5% annual appreciation builds toward $34,474 over five years. Five-year ROI reaches 131.84% and total cumulative return in cash sums $54,535. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $965/mo property income rather than buyer’s personal income.
Condo
Built in 1972
9.24 Acres lot
$N/A/sqft
No 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: Sandra Ott • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6765487