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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Minnetonka, MN
Listed for sale 1 day ago
$ 249,900
ROI
24.6
Cash Flow/m
334- 2 Bed
- 2 Bath
- 1206 sft
12605 Sherwood Pl, Minnetonka, MN, 55305
$ 230,000
ROI
23.5Cash Flow/m
237- 2 Bed
- 1 Bath
- 1051 sft
5664 Sanibel Dr APT C, Minnetonka, MN, 55343
$ 239,900
ROI
21.7Cash Flow/m
128- 2 Bed
- 2 Bath
- 1240 sft
10401 Cedar Lake Rd Unit 410, Minnetonka, MN, 55305
$ 185,000
ROI
22.6Cash Flow/m
146- 1 Bed
- 1 Bath
- 979 sft
6050 Chasewood Pkwy APT 202, Minnetonka, MN, 55343
Why Invest in Minnetonka, Minnesota?
Investing in condos in Minnetonka, MN offers attractive opportunities with a strong rental market and steady appreciation. This location boasts an average ROI of 7.5%, rental yield around 6%, and cap rates near 5%, making it ideal for real estate investors focused on multifamily properties. The city's average cash flow remains solid at $600 monthly, complemented by average rents of $1,400. Renter occupied units make up 42% of the housing stock, demonstrating consistent tenant demand.
7.5%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$600/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Minnetonka is around 6%, providing attractive returns for real estate investors.
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