1183 Hancock StSaint PaulMN55106
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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 1183 Hancock St, Saint Paul, MN, 55106 uses $82,875 cash to close to unlock $2,682/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,785/mo, and a $1,224/mo payment keeps the spread at $224/mo. Purchase price stands at $250,000, and rental yield measures 8.57% with $1,785/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 120.28% and total cumulative return in cash records $99,682. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,785/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55106, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,418 (100%) |
| Owner Occupied HU | 10,122 (52.1%) |
| Renter Occupied HU | 8,136 (41.9%) |
| Vacant Housing Units | 1,160 ( 6.0%) |
| Median Home Value | $277,944 |
| Average Home Value | $322,155 |
Housing Distribution
Address Breakdown
Residential
18,750
Single Family
15,338
Multi-Family
3,412
Businesses
743
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Listed by: Lisa Boe • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818766