16418 Minnetonka BlvdMinnetonkaMN55345
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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 16418 Minnetonka Blvd, Minnetonka, MN, 55345 offers a 9.58% rental yield on a $385,000 purchase with $3,073/mo rent. Total monthly income registers $3,073/mo, and a $1,884/mo payment leaves $669/mo available for distribution. Annual cash flow reaches $8,031/yr on $127,628 to close, and return on cash invested stands at 26.2% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 136.68% and total cumulative return in cash at $174,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,073/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
10,000 sqft 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: Wade R. Ryan • Re/Max Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816700