7605 Edinborough Way APT 6215EdinaMN55435
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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 7605 Edinborough Way APT 6215, Edina, MN, 55435 uses $67,924 cash to close to unlock $9,293/yr annual cash flow and $774/mo monthly cash flow. Total monthly income runs $2,054/mo, and a $1,003/mo payment keeps the spread at $774/mo. Purchase price stands at $204,900, and rental yield measures 12.03% with $2,054/mo rent. Return on cash invested shows 33.59% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 176.31% and total cumulative return in cash records $119,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,054/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1986
1.67 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
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