5988 Chasewood Pkwy APT 1MinnetonkaMN55343
INVESTMENT ANALYSIS
Investment Verdict
Solid Income5988 Chasewood Pkwy APT 1, Minnetonka, MN, 55343 in Minnetonka carries a 1.60 coverage ratio, rent of $1,619/mo is 1.60 times the $1,011/mo payment. Rental yield 8.64%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $224,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $62,136; total projected cumulative return: $99,195.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.5% |
| Monthly Cash Flow | $(305) | $350 |
City averages based on Minnetonka market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,619 |
| Total Monthly Debt Service | $1,315 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7086910