748 3rd St N #504MinneapolisMN55401
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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 748 3rd St N #504, Minneapolis, MN, 55401 generates $2,426/mo in rent and, after a $1,192/mo payment, leaves $351/mo in cash flow. Total monthly income is $2,426/mo, and annual cash flow is $4,214/yr on $80,753 invested. Return on cash invested sits at 25.13% in year one, and rental yield is 11.95% on a $243,600 entry. Equity gained on principal adds $1,572/yr, while 5% annual appreciation builds toward $67,302 over five years. Five-year ROI reaches 133.94% and total cumulative return in cash sums $108,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,426/mo property income rather than buyer’s personal income.
Condo
Built in 2006
0.72 Acres lot
$N/A/sqft
$435 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55401, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,182 (100%) |
| Owner Occupied HU | 2,338 (23.0%) |
| Renter Occupied HU | 6,469 (63.5%) |
| Vacant Housing Units | 1,375 (13.5%) |
| Median Home Value | $517,450 |
| Average Home Value | $602,631 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
460
Multi-Family
8,727
Businesses
983
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Listed by: N/A • N/A
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