Minnetonka · Investment Property
Buying Investment Property in Minnetonka
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Minnetonka
Minnetonka's homes were built over many decades, so no two investments here look alike. I'm Lesley, a REALTOR® with Bridge Realty.
What should an investor look at in Minnetonka? The property type and its upkeep. A condominium or townhome has dues and rental rules to review. A house on a wooded lot has trees, a long driveway, and drainage to maintain.
Costs that are easy to miss
On a wooded lot, plan for tree care, gutter cleaning, and snow removal. On a sloped lot, look closely at drainage near the foundation. These do not show up in a rent estimate, and they do show up in your expenses.
Location within the city
Three school districts serve Minnetonka, and Interstate 394 and Interstate 494 shape the commute. Both affect who will want to rent. Ask the City of Minnetonka what it requires to rent out a home, including any license, inspection, and fees, before you make an offer.
The numbers to run on any rental are on our investment property page. For more on the city, see our Minnetonka page and buying a home in Minnetonka. If you own a rental here and want to sell, see what it is worth.
We are not financial or tax advisors, so review your plan with your accountant. Then send us a message or call (651) 661-4770.
Frequently Asked Questions
Are condos or houses better rentals in Minnetonka?
Neither by default. Compare price, rent, dues, and upkeep for each property.
What upkeep should I expect on a wooded lot?
Tree care, gutters, snow removal, and attention to drainage.
Homes For Sale In Minnetonka
See every home on the market in Minnetonka right now, updated from the MLS.
Minnetonka
What investment property looks like in Minnetonka
Minnetonka is a Hennepin County city of about 53,800 people, 10 miles west of Minneapolis, with wooded lots, three creeks, and the eastern tip of Lake Minnetonka.
Minnetonka is known for wooded neighborhoods and creek corridors. Only the eastern tip of Lake Minnetonka is inside the city, which surprises many buyers.
- The homes
- Homes built over many decades, often on wooded or sloped lots, along with townhomes and condominiums.
- Schools people ask about
- Hopkins, Minnetonka, and Wayzata school districts each serve part of the city. The address decides which.
- Getting around
- Interstate 394 leads east to downtown Minneapolis, Interstate 494 runs north and south through the city, and Highway 169 runs along the east side.
- Nearby
- 49 parks and more than 100 miles of trails, many along the Minnehaha, Nine Mile, and Purgatory creek corridors.
- The trade-off
- Only the eastern tip of Lake Minnetonka is inside the city, so most Minnetonka homes are not lake homes.
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?