3412 Oak Ridge Rd APT 206MinnetonkaMN55305
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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 3412 Oak Ridge Rd APT 206, Minnetonka, MN, 55305 offers a 8.31% rental yield on a $225,000 purchase with $1,558/mo rent. Total monthly income registers $1,558/mo, and a $1,101/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,839/yr on $74,588 to close, and return on cash invested stands at 22.37% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 116.19% and total cumulative return in cash at $86,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,558/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
3.36 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: Julia Distel • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825076