6730 Vernon Ave #402EdinaMN55436
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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
Rental property for sale in Edina at 6730 Vernon Ave #402, Edina, MN, 55436 generates $1,435/mo in rent and, after a $881/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,435/mo, and annual cash flow is $3,732/yr on $59,670 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 9.57% on a $179,999 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,730 over five years. Five-year ROI reaches 136.44% and total cumulative return in cash sums $81,412. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,435/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A 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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