179 Little Canada Rd UNIT 238Little CanadaMN55117
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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 Little Canada at 179 Little Canada Rd UNIT 238, Little Canada, MN, 55117 uses $62,289 cash to close to unlock $3,412/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $920/mo payment keeps the spread at $284/mo. Purchase price stands at $187,900, and rental yield measures 9.31% with $1,458/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $51,913 over five years. Five-year ROI reaches 132.35% and total cumulative return in cash records $82,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $920/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55117, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,460 (100%) |
| Owner Occupied HU | 9,125 (52.3%) |
| Renter Occupied HU | 7,602 (43.5%) |
| Vacant Housing Units | 733 ( 4.2%) |
| Median Home Value | $306,338 |
| Average Home Value | $366,984 |
Housing Distribution
Address Breakdown
Residential
16,588
Single Family
11,269
Multi-Family
5,319
Businesses
867
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Listed by: Joe Overhaug • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002641