8439 Cortland RdEden PrairieMN55344
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 Eden Prairie at 8439 Cortland Rd, Eden Prairie, MN, 55344 uses $89,472 cash to close to unlock $1,700/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $2,302/mo, and a $1,321/mo payment keeps the spread at $142/mo. Purchase price stands at $269,900, and rental yield measures 10.23% with $2,302/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 115.43% and total cumulative return in cash records $103,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,302/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Townhouse
Built in 1993
0.81 Acres lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55344, Eden Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 2,349 (32.3%) |
| Renter Occupied HU | 4,267 (58.6%) |
| Vacant Housing Units | 662 ( 9.1%) |
| Median Home Value | $394,578 |
| Average Home Value | $578,982 |
Housing Distribution
Address Breakdown
Residential
7,732
Single Family
2,512
Multi-Family
5,220
Businesses
1,658
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Listed by: Kari Cartier • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6787861
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