2000 Runnymeade CtMinnetonkaMN55305
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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 Minnetonka at 2000 Runnymeade Ct, Minnetonka, MN, 55305 uses $149,009 cash to close to unlock $5,126/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $3,234/mo, and a $2,200/mo payment keeps the spread at $427/mo. Purchase price stands at $449,500, and rental yield measures 8.63% with $3,234/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 121.38% and total cumulative return in cash records $180,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,234/mo property income covering a $2,200/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.49 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: Scotti J. Ringley • Keller Williams Preferred Rlty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6804843