10211 Cedar Lake Rd #109MinnetonkaMN55305
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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 $973/mo, and a $606/mo payment. Purchase price stands at $123,900, and rental yield measures 9.42% with $973/mo rent. Return on cash invested shows 11.06% in year one, and 5% annual appreciation builds toward $34,231 over five years. Five-year ROI reaches 60.91% and total cumulative return in cash records $25,016. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $973/mo property income covering a $606/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$480 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55305, Hopkins, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,972 (100%) |
| Owner Occupied HU | 5,501 (50.1%) |
| Renter Occupied HU | 4,882 (44.5%) |
| Vacant Housing Units | 589 ( 5.4%) |
| Median Home Value | $498,101 |
| Average Home Value | $575,970 |
Housing Distribution
Address Breakdown
Residential
11,058
Single Family
5,334
Multi-Family
5,724
Businesses
798
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Listed by: James G. Kramer • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6699219
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