10211 Cedar Lake Rd APT 104MinnetonkaMN55305
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
Investment property for sale in Minnetonka at 10211 Cedar Lake Rd APT 104, Minnetonka, MN, 55305 listed at $159,900 pairs $1,221/mo rent with a $783/mo payment. Total monthly income runs $1,221/mo. Return on cash invested measures 11.64% in year one, and rental yield registers 9.16% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 63.42% and total cumulative return in cash totals $33,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,221/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
N/A lot
$N/A/sqft
$570 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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Nearby investment properties with comparable prices
Listed by: John D Schuster • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6730659
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