14601 Atrium Way APT 329MinnetonkaMN55345
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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 Minnetonka at 14601 Atrium Way APT 329, Minnetonka, MN, 55345 uses $82,875 cash to close to unlock $1,290/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,224/mo payment keeps the spread at $108/mo. Purchase price stands at $250,000, and rental yield measures 8.01% with $1,669/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 111.27% and total cumulative return in cash records $92,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1984
6.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55345, Minnetonka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 7,013 (78.5%) |
| Renter Occupied HU | 1,582 (17.7%) |
| Vacant Housing Units | 344 ( 3.8%) |
| Median Home Value | $526,201 |
| Average Home Value | $601,084 |
Housing Distribution
Address Breakdown
Residential
9,020
Single Family
7,877
Multi-Family
1,143
Businesses
557
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Listed by: Joanne Thomas • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6677650