9700 Portland Ave S UNIT 333BloomingtonMN55420
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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
Total monthly income runs $1,542/mo, and a $959/mo payment. Purchase price stands at $196,000, and rental yield measures 9.44% with $1,542/mo rent. Return on cash invested shows 7.45% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 42.79% and total cumulative return in cash records $27,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $959/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$979 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55420, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,697 (100%) |
| Owner Occupied HU | 5,853 (60.4%) |
| Renter Occupied HU | 3,495 (36.0%) |
| Vacant Housing Units | 349 ( 3.6%) |
| Median Home Value | $335,224 |
| Average Home Value | $366,745 |
Housing Distribution
Address Breakdown
Residential
9,524
Single Family
6,310
Multi-Family
3,214
Businesses
1,000
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Listed by: Craig R Kamman • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6670426
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