275 Lake St E #103WayzataMN55391
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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 Wayzata at 275 Lake St E #103, Wayzata, MN, 55391 listed at $1,979,100 pairs $4,121/mo rent with a $9,687/mo payment. Total monthly income runs $4,121/mo. Return on cash invested measures 4.2% in year one, and rental yield registers 2.5% at a $1,979,100 basis. Equity gained on principal adds $12,771/yr, and annual property appreciation at 5% supports $546,789 by year five. Five-year ROI tracks 18.87% and total cumulative return in cash totals $121,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,121/mo property income relative to a $9,687/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55391, Wayzata, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,187 (100%) |
| Owner Occupied HU | 4,941 (68.7%) |
| Renter Occupied HU | 1,562 (21.7%) |
| Vacant Housing Units | 684 ( 9.5%) |
| Median Home Value | $870,365 |
| Average Home Value | $1,069,086 |
Housing Distribution
Address Breakdown
Residential
7,230
Single Family
5,992
Multi-Family
1,238
Businesses
984
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