740 Portland Ave #1005MinneapolisMN55415
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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 740 Portland Ave #1005, Minneapolis, MN, 55415 generates $2,936/mo in rent and, after a $2,019/mo payment, leaves $360/mo in cash flow. Total monthly income is $2,936/mo, and annual cash flow is $4,321/yr on $136,744 invested. Return on cash invested sits at 23.07% in year one, and rental yield is 8.54% on a $412,500 entry. Equity gained on principal adds $2,662/yr, while 5% annual appreciation builds toward $113,966 over five years. Five-year ROI reaches 119.89% and total cumulative return in cash sums $163,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,936/mo property income rather than buyer’s personal income.
Condo
Built in 2016
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55415, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 1,010 (20.3%) |
| Renter Occupied HU | 3,097 (62.4%) |
| Vacant Housing Units | 859 (17.3%) |
| Median Home Value | $647,758 |
| Average Home Value | $745,526 |
Housing Distribution
Address Breakdown
Residential
4,092
Single Family
120
Multi-Family
3,972
Businesses
388
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Listed by: Brian S. Carion • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6824089