1040 3rd St NWNew BrightonMN55112
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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 New Brighton at 1040 3rd St NW, New Brighton, MN, 55112 listed at $340,000 pairs $3,198/mo rent with a $1,664/mo payment to leave $1,075/mo cash flow. Total monthly income runs $3,198/mo, and annual cash flow reaches $12,900/yr on $112,710 cash to close. Return on cash invested measures 31.35% in year one, and rental yield registers 11.29% at a $340,000 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,936 by year five. Five-year ROI tracks 164.29% and total cumulative return in cash totals $185,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,198/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55112, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,544 (100%) |
| Owner Occupied HU | 12,013 (64.8%) |
| Renter Occupied HU | 5,847 (31.5%) |
| Vacant Housing Units | 684 ( 3.7%) |
| Median Home Value | $371,750 |
| Average Home Value | $404,876 |
Housing Distribution
Address Breakdown
Residential
19,130
Single Family
13,357
Multi-Family
5,773
Businesses
1,097
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Listed by: Ashley Rabemahefa • Pemberton RE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6809633