7418 Taylor St NE #E418MinneapolisMN55432
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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 7418 Taylor St NE #E418, Minneapolis, MN, 55432 generates $2,520/mo in rent and, after a $602/mo payment, leaves $1,752/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $21,025/yr on $40,741 invested. Return on cash invested sits at 71.51% in year one, and rental yield is 24.61% on a $122,900 entry. Equity gained on principal adds $793/yr, while 5% annual appreciation builds toward $33,955 over five years. Five-year ROI reaches 379.77% and total cumulative return in cash sums $154,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Manufactured
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55432, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,131 (100%) |
| Owner Occupied HU | 8,278 (58.6%) |
| Renter Occupied HU | 5,439 (38.5%) |
| Vacant Housing Units | 414 ( 2.9%) |
| Median Home Value | $337,021 |
| Average Home Value | $345,828 |
Housing Distribution
Address Breakdown
Residential
13,926
Single Family
9,630
Multi-Family
4,296
Businesses
994
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Listed by: Craig Pelkey • Fridley Terrace
Mls Name: My State MLS
Mls ID: #11326058