6423 Colony Way APT 3LEdinaMN55435
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
Rental property for sale in Edina at 6423 Colony Way APT 3L, Edina, MN, 55435 generates $1,082/mo in rent and, after a $699/mo payment, leaves $190/mo in cash flow. Total monthly income is $1,082/mo, and annual cash flow is $2,281/yr on $47,371 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 9.09% on a $142,900 entry. Equity gained on principal adds $922/yr, while 5% annual appreciation builds toward $39,481 over five years. Five-year ROI reaches 128.86% and total cumulative return in cash sums $61,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,082/mo property income rather than buyer’s personal income.
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