6320 Barrie Rd APT 2BEdinaMN55435
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 6320 Barrie Rd APT 2B, Edina, MN, 55435 in Edina achieves a 1.78 ratio at $185,000: $1,483/mo rent versus $832/mo debt service. Rental yield 9.62%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.62% yield compounds alongside 5% annual appreciation projecting $51,112 in value. Total projected cumulative return: $91,325.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.1% |
| Monthly Cash Flow | $(195) | $350 |
City averages based on Edina market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,483 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1964
12.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55435, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,855 (100%) |
| Owner Occupied HU | 3,125 (35.3%) |
| Renter Occupied HU | 4,637 (52.4%) |
| Vacant Housing Units | 1,093 (12.3%) |
| Median Home Value | $486,519 |
| Average Home Value | $519,287 |
Housing Distribution
Address Breakdown
Residential
8,596
Single Family
1,673
Multi-Family
6,923
Businesses
1,068
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
Condo
Built in 1964
12.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55435, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,855 (100%) |
| Owner Occupied HU | 3,125 (35.3%) |
| Renter Occupied HU | 4,637 (52.4%) |
| Vacant Housing Units | 1,093 (12.3%) |
| Median Home Value | $486,519 |
| Average Home Value | $519,287 |
Housing Distribution
Address Breakdown
Residential
8,596
Single Family
1,673
Multi-Family
6,923
Businesses
1,068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices