1490 3rd St NWNew BrightonMN55112
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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 New Brighton at 1490 3rd St NW, New Brighton, MN, 55112 earns from $2,852/mo rent with a $2,325/mo payment. Total monthly income totals $2,852/mo. ROI tracks 19.04% on current figures, and rental yield reads 7.21% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 98.24% and total cumulative return in cash sums $154,699. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,852/mo property income instead of your personal income.
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55112, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,544 (100%) |
| Owner Occupied HU | 12,013 (64.8%) |
| Renter Occupied HU | 5,847 (31.5%) |
| Vacant Housing Units | 684 ( 3.7%) |
| Median Home Value | $371,750 |
| Average Home Value | $404,876 |
Housing Distribution
Address Breakdown
Residential
19,130
Single Family
13,357
Multi-Family
5,773
Businesses
1,097
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Listed by: Matt P Engen • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807019