10246 Lee DrEden PrairieMN55347
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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
Investment property for sale in Eden Prairie at 10246 Lee Dr, Eden Prairie, MN, 55347 offers a 9.03% rental yield on a $425,000 purchase with $3,198/mo rent. Total monthly income registers $3,198/mo, and a $2,080/mo payment leaves $544/mo available for distribution. Annual cash flow reaches $6,531/yr on $140,888 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 127.8% and total cumulative return in cash at $180,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,198/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55347, Eden Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,282 (100%) |
| Owner Occupied HU | 9,943 (81.0%) |
| Renter Occupied HU | 1,803 (14.7%) |
| Vacant Housing Units | 536 ( 4.4%) |
| Median Home Value | $577,096 |
| Average Home Value | $633,352 |
Housing Distribution
Address Breakdown
Residential
11,765
Single Family
11,233
Multi-Family
532
Businesses
153
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Listed by: Marcy L Libby • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6761561