9 W Franklin Ave APT 308MinneapolisMN55404
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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 9 W Franklin Ave APT 308, Minneapolis, MN, 55404 earns $185/mo cash flow from $1,746/mo rent with a $1,224/mo payment. Total monthly income totals $1,746/mo, and annual cash flow totals $2,214/yr on $82,875 capital. ROI tracks 22.58% on current figures, and rental yield reads 8.38% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 117.27% and total cumulative return in cash sums $97,186. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,746/mo property income instead of your personal income.
Condo
Built in 2004
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55404, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 1,900 (12.8%) |
| Renter Occupied HU | 11,810 (79.7%) |
| Vacant Housing Units | 1,112 ( 7.5%) |
| Median Home Value | $382,258 |
| Average Home Value | $436,368 |
Housing Distribution
Address Breakdown
Residential
14,495
Single Family
2,085
Multi-Family
12,410
Businesses
807
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Listed by: Sarah Thorp • Anderson Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003737