1341 Lake Dr W UNIT B-104ChanhassenMN55317
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 1341 Lake Dr W UNIT B-104, Chanhassen, MN, 55317 earns from $1,643/mo rent with a $974/mo payment. Total monthly income totals $1,643/mo. ROI tracks 15.19% on current figures, and rental yield reads 9.91% at a $198,900 purchase. Equity gained on principal adds $1,283/yr, and 5% annual appreciation supports $54,952 over five years. Five-year ROI reaches 81.99% and total cumulative return in cash sums $54,059. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,643/mo property income instead of your personal income.
Condo
Built in 2004
871.20 sqft lot
$N/A/sqft
$660 monthly 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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Nearby investment properties with comparable prices
Listed by: Kimberly Cooper • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6650000
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