3412 Oak Ridge Rd APT 208MinnetonkaMN55305
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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 208, Minnetonka, MN, 55305 uses $77,903 cash to close to unlock $10,017/yr annual cash flow and $835/mo monthly cash flow. Total monthly income runs $2,302/mo, and a $1,150/mo payment keeps the spread at $835/mo. Purchase price stands at $235,000, and rental yield measures 11.75% with $2,302/mo rent. Return on cash invested shows 32.77% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 171.88% and total cumulative return in cash records $133,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,302/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
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: Taylor DeLong • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6760355