Woodbury · Investment Property
Buying Investment Property in Woodbury
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Woodbury
Woodbury attracts investors, and it has a catch many miss. I'm Lesley, a REALTOR® with Bridge Realty.
What should an investor check first in Woodbury? The association. Many Woodbury neighborhoods have one, and its documents may cap the number of rentals, require a waiting period, or prohibit renting. A home you cannot rent is not an investment.
Reading the association documents
- Rental rules. Whether renting is allowed, and under what limits.
- Dues. They come out of your rent every month.
- Reserves. Low reserves can mean a special bill to owners.
- Insurance. What the association covers and what you must carry.
The city and the numbers
Ask the City of Woodbury what it requires to rent out a home, including any license, inspection, and fees, before you make an offer. For each property, we check that the expected rent covers the mortgage, taxes, insurance, and dues with room for repairs.
The numbers to run on any rental are on our investment property page. For more on the city, see our Woodbury page and buying a home in Woodbury. 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
Do Woodbury associations allow rentals?
Some do, some limit them, and some do not. We read the documents before you offer.
Will the rent cover my costs in Woodbury?
It depends on the price, your down payment, and the dues. We run the numbers for each property.
Homes For Sale In Woodbury
See every home on the market in Woodbury right now, updated from the MLS.
Woodbury
What investment property looks like in Woodbury
Woodbury is Minnesota's seventh-largest city, 8 miles east of St. Paul on Interstate 94, with public trails around its lakes and more than 160 miles of trails in all.
Woodbury is one of the communities we work in most. It borders Cottage Grove, where I live, and I know how its neighborhoods differ.
- The homes
- Two-story homes, townhomes, and association-maintained communities. Many neighborhoods have a homeowners association.
- Schools people ask about
- Three school districts serve different parts of the city, and South Washington County Schools covers most of it. Confirm the district for any address.
- Getting around
- Interstate 94 runs along the north edge toward St. Paul, and Interstate 494 runs along the west side toward the airport and Bloomington.
- Nearby
- More than 3,300 acres of parks and open space and more than 160 miles of trails, including Carver Lake Park.
- The trade-off
- About 90 percent of the lakeshore is public trail and parkland, so homes directly on a lake are rare.
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?