Rental Property Underwriting in Minneapolis, MN
Balanced fundamentals; strong tenant-protection regime.
Typical SFR price
$300,000 – $400,000
3-bed rent (monthly)
$1,900 – $2,400
Effective property-tax rate
1.15% – 1.55%
Insurance (annual, ~$300k SFR)
$1,400 – $2,100
Gross rent-to-price (monthly)
0.55% – 0.68%
Landlord-tenant climate
tenant-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Minneapolis different
- Rent-control ordinance (St. Paul) and inclusionary zoning affect strategy.
- Just-cause eviction rules in Minneapolis extend timelines materially.
- Winterization is a real capex line — frozen pipes are a leading claim source.
Quick worked example
Mid-range Minneapolis deal: $350,000 purchase, $2,150/mo rent → gross yield 7.37%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.