1956 Commonwealth Blvd UNIT 2ChanhassenMN55317
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
Rental property for sale in Chanhassen at 1956 Commonwealth Blvd UNIT 2, Chanhassen, MN, 55317 generates $2,682/mo in rent and, after a $1,566/mo payment, leaves $684/mo in cash flow. Total monthly income is $2,682/mo, and annual cash flow is $8,208/yr on $106,080 invested. Return on cash invested sits at 27.65% in year one, and rental yield is 10.06% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 144.4% and total cumulative return in cash sums $153,183. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,682/mo property income rather than buyer’s personal income.
Townhouse
Built in 2012
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55317, Chanhassen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,594 (100%) |
| Owner Occupied HU | 6,898 (80.3%) |
| Renter Occupied HU | 1,476 (17.2%) |
| Vacant Housing Units | 220 ( 2.6%) |
| Median Home Value | $582,064 |
| Average Home Value | $660,906 |
Housing Distribution
Address Breakdown
Residential
8,864
Single Family
8,032
Multi-Family
832
Businesses
723
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bao Tran • LPT Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6814873