1517 Covington LnEaganMN55122
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1517 Covington Ln, Eagan, MN, 55122 in Eagan hard to pass up. The 11.94% gross yield on a $549,000 purchase results in $5,464/mo in rent and $2,035/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.21). Annual cash flow of $24,424, five-year appreciation of $151,679, and $5,056/yr in equity build-up combine for a projected total cumulative return of $339,277.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 5.8% |
| Monthly Cash Flow | $2,035 | $1,850 |
City averages based on Eagan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,464 |
| Total Monthly Debt Service | $3,210 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55122, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,366 (66.3%) |
| Renter Occupied HU | 4,317 (30.5%) |
| Vacant Housing Units | 449 ( 3.2%) |
| Median Home Value | $414,072 |
| Average Home Value | $458,508 |
Housing Distribution
Address Breakdown
Residential
14,319
Single Family
10,608
Multi-Family
3,711
Businesses
799
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2000
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55122, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,366 (66.3%) |
| Renter Occupied HU | 4,317 (30.5%) |
| Vacant Housing Units | 449 ( 3.2%) |
| Median Home Value | $414,072 |
| Average Home Value | $458,508 |
Housing Distribution
Address Breakdown
Residential
14,319
Single Family
10,608
Multi-Family
3,711
Businesses
799
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices