1409 Midway PkwySaint PaulMN55108
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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 1409 Midway Pkwy, Saint Paul, MN, 55108 uses $127,628 cash to close to unlock $12,963/yr annual cash flow and $1,080/mo monthly cash flow. Total monthly income runs $3,484/mo, and a $1,884/mo payment keeps the spread at $1,080/mo. Purchase price stands at $385,000, and rental yield measures 10.86% with $3,484/mo rent. Return on cash invested shows 30.07% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 157.4% and total cumulative return in cash records $200,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,484/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Townhouse
Built in 1998
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55108, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 2,972 (41.3%) |
| Renter Occupied HU | 3,765 (52.4%) |
| Vacant Housing Units | 454 ( 6.3%) |
| Median Home Value | $380,852 |
| Average Home Value | $445,596 |
Housing Distribution
Address Breakdown
Residential
6,555
Single Family
4,072
Multi-Family
2,483
Businesses
405
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Listed by: Jennifer L. Dunn • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6786809