5501 Dewey Hill Rd APT 233EdinaMN55439
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Edina at 5501 Dewey Hill Rd APT 233, Edina, MN, 55439 offers a 8.72% rental yield on a $272,500 purchase with $1,980/mo rent. 77% in year one. Equity gained on principal adds $1,758/yr while 5% annual appreciation supports $75,287 over five years. Portfolio math shows five-year ROI at 58.6% and total cumulative return in cash at $52,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $1,334/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$935 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55439, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,692 (100%) |
| Owner Occupied HU | 3,055 (82.7%) |
| Renter Occupied HU | 445 (12.1%) |
| Vacant Housing Units | 192 ( 5.2%) |
| Median Home Value | $700,295 |
| Average Home Value | $793,759 |
Housing Distribution
Address Breakdown
Residential
3,702
Single Family
2,840
Multi-Family
862
Businesses
1,151
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Listed by: Thomas A Ries • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6708731
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