420 Monk CtChanhassenMN55317
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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
Rental property for sale in Chanhassen at 420 Monk Ct, Chanhassen, MN, 55317 priced at $269,900 converts $2,340/mo rent into $655/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $7,856/yr on $89,472 invested. Return on cash invested prints 28.69% in year one, and rental yield reads 10.4% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 150.01% and total cumulative return in cash sums $134,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Townhouse
Built in 1995
0.02 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55317, Chanhassen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,594 (100%) |
| Owner Occupied HU | 6,898 (80.3%) |
| Renter Occupied HU | 1,476 (17.2%) |
| Vacant Housing Units | 220 ( 2.6%) |
| Median Home Value | $582,064 |
| Average Home Value | $660,906 |
Housing Distribution
Address Breakdown
Residential
8,864
Single Family
8,032
Multi-Family
832
Businesses
723
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Listed by: Charlene H Wurm • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6785398