16520 Tranquility Ct SE APT 202Prior LakeMN55372
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow16520 Tranquility Ct SE APT 202, Prior Lake, MN, 55372 in Prior Lake is a solid income-producing rental, 11.06% gross yield, $2,009/mo rent, $329/mo net cash flow on a $218,000 buy. DSCR 2.05 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $60,229 and $2,008/yr in principal reduction project a total cumulative return of $105,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 8.0% |
| Monthly Cash Flow | $329 | $350 |
City averages based on Prior Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,009 |
| Total Monthly Debt Service | $1,594 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
130.68 sqft lot
$N/A/sqft
$319 monthly HOA
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
Condo
Built in 2005
130.68 sqft lot
$N/A/sqft
$319 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices