6007 Covington TerMinnetonkaMN55345
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
Investment Highlights
Investment property for sale in Minnetonka at 6007 Covington Ter, Minnetonka, MN, 55345 earns $935/mo cash flow from $3,134/mo rent with a $1,469/mo payment. Total monthly income totals $3,134/mo, and annual cash flow totals $11,215/yr on $99,483 capital. ROI tracks 31.18% on current figures, and rental yield reads 12.53% at a $300,100 purchase. Equity gained on principal adds $1,937/yr, and 5% annual appreciation supports $82,912 over five years. Five-year ROI reaches 164.8% and total cumulative return in cash sums $163,951. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,134/mo property income instead of your personal income.
Townhouse
Built in 1983
4,600 sqft lot
$N/A/sqft
$245 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55345, Minnetonka, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 7,013 (78.5%) |
| Renter Occupied HU | 1,582 (17.7%) |
| Vacant Housing Units | 344 ( 3.8%) |
| Median Home Value | $526,201 |
| Average Home Value | $601,084 |
Housing Distribution
Address Breakdown
Residential
9,020
Single Family
7,877
Multi-Family
1,143
Businesses
557
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A