1231 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 1231 Thomas Ave, Saint Paul, MN, 55104 offers a 8.48% rental yield on a $240,000 purchase with $1,696/mo rent. Total monthly income registers $1,696/mo, and a $1,175/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,364/yr on $79,560 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 118.83% and total cumulative return in cash at $94,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,696/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
4,791 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: Reidell Estey & Associates Marti Estey • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807996