801 Washington Ave N APT 321MinneapolisMN55401
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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
Investment property for sale in Minneapolis at 801 Washington Ave N APT 321, Minneapolis, MN, 55401 listed at $510,700 pairs $4,676/mo rent with a $2,500/mo payment to leave $859/mo cash flow. Total monthly income runs $4,676/mo, and annual cash flow reaches $10,302/yr on $168,020 cash to close. Return on cash invested measures 26.19% in year one, and rental yield registers 10.99% at a $510,700 basis. Equity gained on principal adds $3,295/yr, and annual property appreciation at 5% supports $141,097 by year five. Five-year ROI tracks 138.21% and total cumulative return in cash totals $232,219. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,676/mo property income relative to a $2,500/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
1.43 Acres lot
$N/A/sqft
$431 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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