1321 Lake Dr APT 210ChanhassenMN55317
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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 Chanhassen at 1321 Lake Dr APT 210, Chanhassen, MN, 55317 uses $61,792 cash to close to unlock $12,825/yr annual cash flow and $1,069/mo monthly cash flow. Total monthly income runs $2,245/mo, and a $912/mo payment keeps the spread at $1,069/mo. Purchase price stands at $186,400, and rental yield measures 14.45% with $2,245/mo rent. Return on cash invested shows 40.66% in year one, and 5% annual appreciation builds toward $51,499 over five years. Five-year ROI reaches 214.32% and total cumulative return in cash records $132,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,245/mo property income covering a $912/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55317, Chanhassen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,594 (100%) |
| Owner Occupied HU | 6,898 (80.3%) |
| Renter Occupied HU | 1,476 (17.2%) |
| Vacant Housing Units | 220 ( 2.6%) |
| Median Home Value | $582,064 |
| Average Home Value | $660,906 |
Housing Distribution
Address Breakdown
Residential
8,864
Single Family
8,032
Multi-Family
832
Businesses
723
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A