1575 W Wayzata Blvd APT ALong LakeMN55356
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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 Long Lake at 1575 W Wayzata Blvd APT A, Long Lake, MN, 55356 uses $129,252 cash to close to unlock $6,572/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,982/mo, and a $1,908/mo payment keeps the spread at $548/mo. Purchase price stands at $389,900, and rental yield measures 9.18% with $2,982/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 130.17% and total cumulative return in cash records $168,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,982/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Townhouse
Built in 1984
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
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