1048 Thomas AveSaint PaulMN55104
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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 Saint Paul at 1048 Thomas Ave, Saint Paul, MN, 55104 uses $112,379 cash to close to unlock $2,836/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $2,353/mo, and a $1,659/mo payment keeps the spread at $236/mo. Purchase price stands at $339,000, and rental yield measures 8.33% with $2,353/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 116.47% and total cumulative return in cash records $130,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,353/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,530 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55104, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,868 (100%) |
| Owner Occupied HU | 8,441 (40.4%) |
| Renter Occupied HU | 11,025 (52.8%) |
| Vacant Housing Units | 1,402 ( 6.7%) |
| Median Home Value | $371,864 |
| Average Home Value | $437,068 |
Housing Distribution
Address Breakdown
Residential
19,223
Single Family
12,270
Multi-Family
6,953
Businesses
1,646
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Listed by: Emma Page • Boone Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002944