1603 Raindrop DrEaganMN55121
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
Investment Highlights
Investment property for sale in Eagan at 1603 Raindrop Dr, Eagan, MN, 55121 offers a 11.36% rental yield on a $309,900 purchase with $2,933/mo rent. Total monthly income registers $2,933/mo, and a $1,517/mo payment leaves $998/mo available for distribution. Annual cash flow reaches $11,972/yr on $102,732 to close, and return on cash invested stands at 31.56% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 165.42% and total cumulative return in cash at $169,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,933/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
1,089 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55121, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,019 (100%) |
| Owner Occupied HU | 1,842 (36.7%) |
| Renter Occupied HU | 2,859 (57.0%) |
| Vacant Housing Units | 318 ( 6.3%) |
| Median Home Value | $392,216 |
| Average Home Value | $399,373 |
Housing Distribution
Address Breakdown
Residential
4,823
Single Family
2,072
Multi-Family
2,751
Businesses
1,452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices