6085 Lincoln Dr APT 220EdinaMN55436
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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 6085 Lincoln Dr APT 220, Edina, MN, 55436 uses $66,267 cash to close to unlock $3,494/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $1,539/mo, and a $978/mo payment keeps the spread at $291/mo. Purchase price stands at $199,900, and rental yield measures 9.24% with $1,539/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 131.25% and total cumulative return in cash records $86,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,539/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1975
13.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55436, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,505 (100%) |
| Owner Occupied HU | 4,496 (69.1%) |
| Renter Occupied HU | 1,513 (23.3%) |
| Vacant Housing Units | 496 ( 7.6%) |
| Median Home Value | $657,434 |
| Average Home Value | $747,332 |
Housing Distribution
Address Breakdown
Residential
6,457
Single Family
4,211
Multi-Family
2,246
Businesses
186
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