1647 Ford RdMinnetonkaMN55305
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 Minnetonka at 1647 Ford Rd, Minnetonka, MN, 55305 offers a 10.09% rental yield on a $350,000 purchase with $2,944/mo rent. Total monthly income registers $2,944/mo, and a $1,713/mo payment leaves $759/mo available for distribution. Annual cash flow reaches $9,102/yr on $116,025 to close, and return on cash invested stands at 27.75% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 144.99% and total cumulative return in cash at $168,230. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,944/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55305, Hopkins, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,972 (100%) |
| Owner Occupied HU | 5,501 (50.1%) |
| Renter Occupied HU | 4,882 (44.5%) |
| Vacant Housing Units | 589 ( 5.4%) |
| Median Home Value | $498,101 |
| Average Home Value | $575,970 |
Housing Distribution
Address Breakdown
Residential
11,058
Single Family
5,334
Multi-Family
5,724
Businesses
798
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jon G Perkins • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6741709