3320 Chippewa 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 3320 Chippewa Rd, Minnetonka, MN, 55305 earns $1,203/mo cash flow from $2,526/mo rent with a $930/mo payment. Total monthly income totals $2,526/mo, and annual cash flow totals $14,440/yr on $62,985 capital. ROI tracks 42.84% on current figures, and rental yield reads 15.95% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 226.85% and total cumulative return in cash sums $142,884. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,526/mo property income instead of your personal income.
Single Family
Built in 1936
0.42 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: Benjamin C Dzurik • Keller Williams Premier Realty Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6793467
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