402 E Lake StWaconiaMN55387
Nearby investment properties with comparable rents
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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 Waconia at 402 E Lake St, Waconia, MN, 55387 at $699,950 posts ROI 5.4% with from $2,057/mo rent. Total monthly income equals $2,057/mo. Return on cash invested measures 5.4% and rental yield reads 3.53% at the current $699,950. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,383 by year five. Five-year ROI prints 26.02% and total cumulative return in cash totals $59,928. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,057/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
0.45 Acres lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55387, Waconia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,927 (100%) |
| Owner Occupied HU | 4,545 (76.7%) |
| Renter Occupied HU | 1,157 (19.5%) |
| Vacant Housing Units | 225 ( 3.8%) |
| Median Home Value | $477,570 |
| Average Home Value | $536,279 |
Housing Distribution
Address Breakdown
Residential
6,002
Single Family
5,136
Multi-Family
866
Businesses
460
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Nearby investment properties with comparable prices
Listed by: Ben Smothers • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6741420
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