3020 Saint Albans Mill Rd APT 310MinnetonkaMN55305
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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 3020 Saint Albans Mill Rd APT 310, Minnetonka, MN, 55305 listed at $359,900 pairs $2,489/mo rent with a $1,762/mo payment to leave $241/mo cash flow. Total monthly income runs $2,489/mo, and annual cash flow reaches $2,894/yr on $119,307 cash to close. Return on cash invested measures 22.33% in year one, and rental yield registers 8.3% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 115.95% and total cumulative return in cash totals $138,338. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,489/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A 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: Daniel L Revsbech • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820166