2451 Byrnes RdMinnetonkaMN55305
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 Minnetonka at 2451 Byrnes Rd, Minnetonka, MN, 55305 at $1,175,000 posts ROI 10.21% with from $4,113/mo rent. Total monthly income equals $4,113/mo. Return on cash invested measures 10.21% and rental yield reads 4.2% at the current $1,175,000. Equity gained on principal adds $7,582/yr, and 5% annual appreciation supports $324,631 by year five. Five-year ROI prints 50.79% and total cumulative return in cash totals $193,354. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,113/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
1.14 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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Nearby investment properties with comparable prices
Listed by: Jeffrey J Dewing • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6681248
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