ZIP CODE 55044 // MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI // DATA AS OF 2026-09-30
Lakeville, MN (55044) Rental Property Cap Rate & Cash Flow Report
Located in Dakota County (Lakeville, MN), Zip Code 55044 ranks #319 of 500 within this selected sample (36th percentile) with a Zillow ZHVI typical home-value index of $512,518 (+0.9% YoY) and a ZORI observed market rent of $2,108/mo (+1.6% YoY). Requires at least 63.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,407/mo
Annual: -$16,882/yr
Modeled Cap Rate
2.77%
NOI: $14,217/yr
Cash-on-Cash Return
-14.32%
Cash Needed: $117,879
1% Rule Ratio
0.41%
Gross Yield: 4.94%
Break-Even Rent
$3,725/mo
State Tax: 1.02%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 55044 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (MN Avg 1.02%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,592/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$923/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (55044)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2023 | $499,575 | $1,944/mo | 4.67% |
| 2024 | $499,989 | $2,004/mo | 4.81% |
| 2025 | $507,903 | $2,074/mo | 4.90% |
| 2026 | $512,518 | $2,108/mo | 4.94% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 77573 League City, TX | $383,781 | $1,744/mo | 2.77% | -$1,053/mo |
| 06010 Bristol, CT | $346,672 | $1,650/mo | 2.77% | -$953/mo |
| 30114 Canton, GA | $467,647 | $1,841/mo | 2.78% | -$1,281/mo |
| 08527 Jackson, NJ | $638,995 | $3,281/mo | 2.78% | -$1,750/mo |
| 91761 Ontario, CA | $679,091 | $2,587/mo | 2.77% | -$1,868/mo |
| 37122 Mount Juliet, TN | $565,761 | $2,081/mo | 2.79% | -$1,545/mo |