1535 Covington LnEaganMN55122
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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 1535 Covington Ln, Eagan, MN, 55122 offers a 7.95% rental yield on a $700,000 purchase with $4,639/mo rent. Total monthly income registers $4,639/mo, and a $3,426/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,216/yr on $230,300 to close, and return on cash invested stands at 21.46% in year one. Equity gained on principal adds $4,517/yr while 5% annual appreciation supports $193,397 over five years. Portfolio math shows five-year ROI at 111.16% and total cumulative return in cash at $256,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,639/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.52 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
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