13111 April LnMinnetonkaMN55305
Nearby investment properties with comparable rents
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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
Rental property for sale in Minnetonka at 13111 April Ln, Minnetonka, MN, 55305 generates $3,090/mo in rent, after a $2,690/mo payment. Total monthly income is $3,090/mo. Return on cash invested sits at 17.63% in year one, and rental yield is 6.75% on a $549,500 entry. Equity gained on principal adds $3,546/yr, while 5% annual appreciation builds toward $151,817 over five years. Five-year ROI reaches 90.72% and total cumulative return in cash sums $164,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,090/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.53 Acres lot
$N/A/sqft
No 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: Amy Bieganek • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6788411
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