901 N 3rd St UNIT 515MinneapolisMN55401
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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 901 N 3rd St UNIT 515, Minneapolis, MN, 55401 uses $109,395 cash to close to unlock $6,618/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,670/mo, and a $1,615/mo payment keeps the spread at $551/mo. Purchase price stands at $330,000, and rental yield measures 9.71% with $2,670/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 135.59% and total cumulative return in cash records $148,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,670/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Apartment
Built in 1917
0.99 Acres lot
$N/A/sqft
No 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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