9630 Independence Cir #204ChanhassenMN55317
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 9630 Independence Cir #204, Chanhassen, MN, 55317 offers a 9.72% rental yield on a $325,000 purchase with $2,632/mo rent. Total monthly income registers $2,632/mo, and a $1,591/mo payment leaves $602/mo available for distribution. Annual cash flow reaches $7,227/yr on $107,738 to close, and return on cash invested stands at 26.62% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 138.91% and total cumulative return in cash at $149,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,632/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A 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: Bruce and Sue Wolf • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6814525