6000 Kellogg AveEdinaMN55424
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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
Rental property for sale in Edina at 6000 Kellogg Ave, Edina, MN, 55424 generates $6,840/mo in rent, after a $6,240/mo payment. Total monthly income is $6,840/mo. Return on cash invested sits at 17.11% in year one, and rental yield is 6.44% on a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation builds toward $352,259 over five years. Five-year ROI reaches 87.82% and total cumulative return in cash sums $362,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,840/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
6,534 sqft 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
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