1629 Ridgewood Ln SSaint PaulMN55113
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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 1629 Ridgewood Ln S, Saint Paul, MN, 55113 offers a 8.42% rental yield on a $459,000 purchase with $3,220/mo rent. Total monthly income registers $3,220/mo, and a $2,247/mo payment leaves $353/mo available for distribution. Annual cash flow reaches $4,240/yr on $152,159 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 117.87% and total cumulative return in cash at $179,351. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,220/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55113, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,080 (100%) |
| Owner Occupied HU | 11,174 (61.8%) |
| Renter Occupied HU | 6,171 (34.1%) |
| Vacant Housing Units | 735 ( 4.1%) |
| Median Home Value | $376,357 |
| Average Home Value | $433,089 |
Housing Distribution
Address Breakdown
Residential
19,068
Single Family
11,629
Multi-Family
7,439
Businesses
1,837
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Listed by: Jonathan P Minerick • homecoin.com
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6801956