16439 Ellerdale LnEden PrairieMN55346
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
Investment property for sale in Eden Prairie at 16439 Ellerdale Ln, Eden Prairie, MN, 55346 listed at $499,900 pairs $3,120/mo rent with a $2,447/mo payment. Total monthly income runs $3,120/mo. Return on cash invested measures 19.9% in year one, and rental yield registers 7.49% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 102.86% and total cumulative return in cash totals $170,448. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,120/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1988
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55346, Eden Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,676 (100%) |
| Owner Occupied HU | 5,348 (80.1%) |
| Renter Occupied HU | 1,190 (17.8%) |
| Vacant Housing Units | 138 ( 2.1%) |
| Median Home Value | $485,055 |
| Average Home Value | $532,486 |
Housing Distribution
Address Breakdown
Residential
6,582
Single Family
6,248
Multi-Family
334
Businesses
135
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Listed by: John M Mazzara • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002363