1381 Berry Ridge Rd APT 503EaganMN55123
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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 Eagan at 1381 Berry Ridge Rd APT 503, Eagan, MN, 55123 uses $66,300 cash to close to unlock $2,112/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,425/mo, and a $979/mo payment keeps the spread at $176/mo. Purchase price stands at $200,000, and rental yield measures 8.55% with $1,425/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 119.98% and total cumulative return in cash records $79,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,425/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55123, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,212 (100%) |
| Owner Occupied HU | 7,830 (76.7%) |
| Renter Occupied HU | 2,246 (22.0%) |
| Vacant Housing Units | 136 ( 1.3%) |
| Median Home Value | $483,797 |
| Average Home Value | $520,606 |
Housing Distribution
Address Breakdown
Residential
10,284
Single Family
8,985
Multi-Family
1,299
Businesses
248
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