1111 Elway St APT 506Saint PaulMN55116
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 1111 Elway St APT 506, Saint Paul, MN, 55116 in Saint Paul worth modelling. At $205,000 with a 11.55% gross yield, the $1,973/mo rent leaves $166/mo after the $922/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.14 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $56,638 by year five; $1,888/yr in principal reduction adds further equity. Total projected return: $122,409.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.2% |
| Monthly Cash Flow | $166 | $485 |
City averages based on Saint Paul market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,973 |
| Total Monthly Debt Service | $1,199 |
| DSCR Ratio | 1.65x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1983
2.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55116, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 5,855 (45.3%) |
| Renter Occupied HU | 6,318 (48.9%) |
| Vacant Housing Units | 757 ( 5.9%) |
| Median Home Value | $440,737 |
| Average Home Value | $493,926 |
Housing Distribution
Address Breakdown
Residential
12,521
Single Family
6,308
Multi-Family
6,213
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1983
2.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55116, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 5,855 (45.3%) |
| Renter Occupied HU | 6,318 (48.9%) |
| Vacant Housing Units | 757 ( 5.9%) |
| Median Home Value | $440,737 |
| Average Home Value | $493,926 |
Housing Distribution
Address Breakdown
Residential
12,521
Single Family
6,308
Multi-Family
6,213
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Burton • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7017666