3114 Brooks LnWayzataMN55391
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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 Wayzata at 3114 Brooks Ln, Wayzata, MN, 55391 generates $2,356/mo in rent, after a $4,351/mo payment. Total monthly income is $2,356/mo. Return on cash invested sits at 6.95% in year one, and rental yield is 3.18% on a $889,000 entry. Equity gained on principal adds $5,737/yr, while 5% annual appreciation builds toward $245,614 over five years. Five-year ROI reaches 33.39% and total cumulative return in cash sums $97,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,356/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.26 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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