8928 Neill Lake Rd #104Eden PrairieMN55347
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 8928 Neill Lake Rd #104, Eden Prairie, MN, 55347 listed at $220,000 pairs $1,996/mo rent with a $1,077/mo payment to leave $622/mo cash flow. Total monthly income runs $1,996/mo, and annual cash flow reaches $7,464/yr on $72,930 cash to close. Return on cash invested measures 30.14% in year one, and rental yield registers 10.89% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 157.78% and total cumulative return in cash totals $115,067. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,996/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
3.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55347, Eden Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,282 (100%) |
| Owner Occupied HU | 9,943 (81.0%) |
| Renter Occupied HU | 1,803 (14.7%) |
| Vacant Housing Units | 536 ( 4.4%) |
| Median Home Value | $577,096 |
| Average Home Value | $633,352 |
Housing Distribution
Address Breakdown
Residential
11,765
Single Family
11,233
Multi-Family
532
Businesses
153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew D. McNair • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6815638