15320 Highwood DrMinnetonkaMN55345
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
Rental property for sale in Minnetonka at 15320 Highwood Dr, Minnetonka, MN, 55345 generates $2,946/mo in rent and, after a $2,080/mo payment, leaves $292/mo in cash flow. Total monthly income is $2,946/mo, and annual cash flow is $3,507/yr on $140,888 invested. Return on cash invested sits at 22.4% in year one, and rental yield is 8.32% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 116.28% and total cumulative return in cash sums $163,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,946/mo property income rather than buyer’s personal income.
Single Family
Built in 1933
0.69 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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Nearby investment properties with comparable prices
Listed by: Nathan H Haasken • Chestnut Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6767734
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