7618 York Ave S APT 1115EdinaMN55435
Nearby investment properties with comparable rents
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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 7618 York Ave S APT 1115, Edina, MN, 55435 generates $2,147/mo in rent and, after a $1,062/mo payment, leaves $154/mo in cash flow. Total monthly income is $2,147/mo, and annual cash flow is $1,847/yr on $71,902 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 11.88% on a $216,900 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation builds toward $59,925 over five years. Five-year ROI reaches 120.54% and total cumulative return in cash sums $86,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,147/mo property income rather than buyer’s personal income.
Condo
Built in 1986
1.42 Acres lot
$N/A/sqft
$626 monthly 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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Listed by: Christopher A Deming • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6686221
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