148 Ridgeview Ln EWayzataMN55391
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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 Wayzata at 148 Ridgeview Ln E, Wayzata, MN, 55391 priced at $698,000 converts $3,883/mo rent into after a $3,416/mo obligation. Total monthly income equals $3,883/mo. Return on cash invested prints 17.58% in year one, and rental yield reads 6.68% against a $698,000 entry. Equity gained on principal adds $4,504/yr, while 5% annual appreciation compiles into $192,845 by year five. Five-year ROI reaches 90.38% and total cumulative return in cash sums $207,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,883/mo property income covering a $3,416/mo payment, not borrower’s personal income.
Single Family
Built in 1956
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55391, Wayzata, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,187 (100%) |
| Owner Occupied HU | 4,941 (68.7%) |
| Renter Occupied HU | 1,562 (21.7%) |
| Vacant Housing Units | 684 ( 9.5%) |
| Median Home Value | $870,365 |
| Average Home Value | $1,069,086 |
Housing Distribution
Address Breakdown
Residential
7,230
Single Family
5,992
Multi-Family
1,238
Businesses
984
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