1948 Wayzata Blvd W #116Long LakeMN55356
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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 Long Lake at 1948 Wayzata Blvd W #116, Long Lake, MN, 55356 listed at $197,492 pairs $1,582/mo rent with a $967/mo payment to leave $348/mo cash flow. Total monthly income runs $1,582/mo, and annual cash flow reaches $4,181/yr on $65,469 cash to close. Return on cash invested measures 26.29% in year one, and rental yield registers 9.61% at a $197,492 basis. Equity gained on principal adds $1,274/yr, and annual property appreciation at 5% supports $54,563 by year five. Five-year ROI tracks 137.2% and total cumulative return in cash totals $89,820. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,582/mo property income relative to a $967/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
2.10 Acres lot
$N/A/sqft
No 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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