Spruce Plan, Hampton Hills 7th AdditionMinneapolisMN55446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Minneapolis at Spruce Plan, Hampton Hills 7th Addition, Minneapolis, MN, 55446 offers $6,199/mo rent that, after a $5,922/mo payment. Total monthly income is $6,199/mo. Return on cash invested measures 16.17% in year one, and rental yield stands at 6.15% at a $1,209,900 entry. Equity gained on principal adds $7,807/yr while 5% annual appreciation compounds into $334,273 by year five. Five-year ROI records 82.78% and total cumulative return in cash reaches $324,504. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,199/mo property income versus a $5,922/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$16 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55446, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,069 (100%) |
| Owner Occupied HU | 8,465 (76.5%) |
| Renter Occupied HU | 2,206 (19.9%) |
| Vacant Housing Units | 398 ( 3.6%) |
| Median Home Value | $609,850 |
| Average Home Value | $626,088 |
Housing Distribution
Address Breakdown
Residential
11,409
Single Family
9,688
Multi-Family
1,721
Businesses
265
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Listed by: N/A • McDonald Construction Partners
Mls Name: McDonald Construction Partners
Mls Provider:
Mls ID: #N/A