6008 Kellogg AveEdinaMN55424
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
Investment Highlights
Investment property for sale in Edina at 6008 Kellogg Ave, Edina, MN, 55424 listed at $1,590,000 pairs $5,459/mo rent with a $7,782/mo payment. Total monthly income runs $5,459/mo. Return on cash invested measures 9.85% in year one, and rental yield registers 4.12% at a $1,590,000 basis. Equity gained on principal adds $10,260/yr, and annual property appreciation at 5% supports $439,288 by year five. Five-year ROI tracks 48.92% and total cumulative return in cash totals $252,032. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,459/mo property income relative to a $7,782/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
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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Nearby investment properties with comparable prices
Listed by: Ben Ganje + Partners • Lakes Sotheby's International Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6705732
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