1948 W Wayzata Blvd #3Long LakeMN55356
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 Long Lake at 1948 W Wayzata Blvd #3, Long Lake, MN, 55356 earns from $1,956/mo rent with a $1,177/mo payment. Total monthly income totals $1,956/mo. ROI tracks -6.98% on current figures, and rental yield reads 9.76% at a $240,392 purchase. Equity gained on principal adds $1,551/yr, and 5% annual appreciation supports $66,416 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,956/mo property income instead of your personal income.
Condo
Built in 2023
2.10 Acres lot
$N/A/sqft
$2,240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55356, Long Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,401 (100%) |
| Owner Occupied HU | 1,816 (75.6%) |
| Renter Occupied HU | 403 (16.8%) |
| Vacant Housing Units | 182 ( 7.6%) |
| Median Home Value | $821,163 |
| Average Home Value | $955,650 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,164
Multi-Family
254
Businesses
277
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Nearby investment properties with comparable prices
Listed by: Desrochers Realty Group • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6615656
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 17:36:29 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)