16520 Tranquility Ct SE APT 202Prior LakeMN55372
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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 Prior Lake at 16520 Tranquility Ct SE APT 202, Prior Lake, MN, 55372 uses $72,267 cash to close to unlock $3,944/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,009/mo, and a $1,067/mo payment keeps the spread at $329/mo. Purchase price stands at $218,000, and rental yield measures 11.06% with $2,009/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 134.1% and total cumulative return in cash records $96,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,009/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Condo
Built in 2005
130.68 sqft lot
$N/A/sqft
$319 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Angelic Miller • Re/Max Advantage Plus
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6575780
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