929 Portland Ave APT 2107MinneapolisMN55404
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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 929 Portland Ave APT 2107, Minneapolis, MN, 55404 offers a 9.44% rental yield on a $346,400 purchase with $2,726/mo rent. 15% in year one. Equity gained on principal adds $2,235/yr while 5% annual appreciation supports $95,704 over five years. Portfolio math shows five-year ROI at 96.24% and total cumulative return in cash at $110,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,726/mo property income against a $1,695/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
0.68 Acres lot
$N/A/sqft
$656 monthly 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: N/A • N/A
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