1321 Lake Dr APT 226ChanhassenMN55317
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 Chanhassen at 1321 Lake Dr APT 226, Chanhassen, MN, 55317 earns $269/mo cash flow from $1,454/mo rent with a $929/mo payment. Total monthly income totals $1,454/mo, and annual cash flow totals $3,224/yr on $62,952 capital. ROI tracks 25.03% on current figures, and rental yield reads 9.19% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 130.39% and total cumulative return in cash sums $82,085. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,454/mo property income instead of your personal income.
Condo
Built in 2001
871.20 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vitaly Chernikh • REI Broker
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6757962