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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Minnetonka, MN
$ 250,000
ROI
23.3
Cash Flow/m
246- 3 Bed
- 2 Bath
- 1486 sft
10521 Cedar Lake Rd APT 519, Minnetonka, MN, 55305
$ 239,900
ROI
25.4Cash Flow/m
374- 2 Bed
- 2 Bath
- 1209 sft
6040 Chasewood Pkwy APT 2, Minnetonka, MN, 55343
$ 215,000
ROI
20.9Cash Flow/m
70- 2 Bed
- 2 Bath
- 1212 sft
10511 Cedar Lake Rd APT 503, Minnetonka, MN, 55305
$ 249,900
ROI
23.1Cash Flow/m
233- 1 Bed
- 1 Bath
- 1023 sft
6010 Chasewood Pkwy APT 206, 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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