1900 Vernon Dr SMinnetonkaMN55305
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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
Rental property for sale in Minnetonka at 1900 Vernon Dr S, Minnetonka, MN, 55305 priced at $535,000 pairs $4,384/mo rent with $1,043/mo cash flow after a $2,619/mo payment. Total monthly income equals $4,384/mo, and annual cash flow comes to $12,513/yr on $176,015 invested. Return on cash invested is 27.17% in year one, and rental yield stands at 9.83% on a $535,000 basis. Equity gained on principal adds $3,452/yr, and 5% annual appreciation accumulates to $147,811 by year five. Five-year ROI measures 141.82% and total cumulative return in cash reaches $249,616. For financing, Ziffy Mortgage’s DSCR program evaluates $4,384/mo property income against a $2,619/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.53 Acres 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
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Listed by: Devon Palmer • Lakes Sotheby's International Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001806