5613 Sherwood AveEdinaMN55424
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play5613 Sherwood Ave, Edina, MN, 55424 in Edina is priced for appreciation, not yield. Rental yield 4.27%. At $1,875,000 with a 4.27% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $518,028 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.79) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $387,461.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.1% |
| Monthly Cash Flow | $(5,034) | $350 |
City averages based on Edina market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,674 |
| Total Monthly Debt Service | $10,962 |
| DSCR Ratio | 0.61x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55424, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 3,196 (77.8%) |
| Renter Occupied HU | 534 (13.0%) |
| Vacant Housing Units | 376 ( 9.2%) |
| Median Home Value | $930,984 |
| Average Home Value | $1,087,441 |
Housing Distribution
Address Breakdown
Residential
3,651
Single Family
3,294
Multi-Family
357
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55424, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 3,196 (77.8%) |
| Renter Occupied HU | 534 (13.0%) |
| Vacant Housing Units | 376 ( 9.2%) |
| Median Home Value | $930,984 |
| Average Home Value | $1,087,441 |
Housing Distribution
Address Breakdown
Residential
3,651
Single Family
3,294
Multi-Family
357
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices