747 Buchanan St NEMinneapolisMN55413
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 747 Buchanan St NE, Minneapolis, MN, 55413 at $315,000 posts ROI 31.49% with $1,008/mo cash flow from $2,975/mo rent. Total monthly income equals $2,975/mo, and annual cash flow records $12,093/yr on $104,423 to close. Return on cash invested measures 31.49% and rental yield reads 11.33% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 165.02% and total cumulative return in cash totals $172,313.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,975/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55413, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,900 (100%) |
| Owner Occupied HU | 2,427 (27.3%) |
| Renter Occupied HU | 5,696 (64.0%) |
| Vacant Housing Units | 777 ( 8.7%) |
| Median Home Value | $414,862 |
| Average Home Value | $485,616 |
Housing Distribution
Address Breakdown
Residential
8,225
Single Family
3,774
Multi-Family
4,451
Businesses
1,197
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Listed by: Mitchel Herian • Kris Lindahl Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001219