18965 Lake AveDeephavenMN55391
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 Deephaven at 18965 Lake Ave, Deephaven, MN, 55391 uses $116,025 cash to close to unlock $2,406/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,713/mo payment keeps the spread at $201/mo. Purchase price stands at $350,000, and rental yield measures 8.18% with $2,386/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 114.05% and total cumulative return in cash records $132,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1924
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55391, Wayzata, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,187 (100%) |
| Owner Occupied HU | 4,941 (68.7%) |
| Renter Occupied HU | 1,562 (21.7%) |
| Vacant Housing Units | 684 ( 9.5%) |
| Median Home Value | $870,365 |
| Average Home Value | $1,069,086 |
Housing Distribution
Address Breakdown
Residential
7,230
Single Family
5,992
Multi-Family
1,238
Businesses
984
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices