3030 Saint Albans Mill Rd APT 213MinnetonkaMN55305
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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
Rental property for sale in Minnetonka at 3030 Saint Albans Mill Rd APT 213, Minnetonka, MN, 55305 generates $2,404/mo in rent and, after a $1,738/mo payment, leaves $187/mo in cash flow. Total monthly income is $2,404/mo, and annual cash flow is $2,241/yr on $117,683 invested. Return on cash invested sits at 21.81% in year one, and rental yield is 8.13% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 113.12% and total cumulative return in cash sums $133,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,404/mo property income rather than buyer’s personal income.
Condo
Built in 1983
0.88 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: Paul Sigurdson, CRS, e-Pro, CNHS • Engel & Volkers Minneapolis Downtown
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010290