6209 Halifax 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
Total monthly income runs $2,632/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 5.27% with $2,632/mo rent. Return on cash invested shows 13.31% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 67.5% and total cumulative return in cash records $133,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,632/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1959
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
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