8789 N Bay DrChanhassenMN55317
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 Chanhassen at 8789 N Bay Dr, Chanhassen, MN, 55317 uses $104,423 cash to close to unlock $3,753/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,542/mo payment keeps the spread at $313/mo. Purchase price stands at $315,000, and rental yield measures 8.69% with $2,280/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 122.19% and total cumulative return in cash records $127,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Townhouse
Built in 1998
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Rifenberick • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008179