183 Little Canada Rd UNIT 315Little 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 183 Little Canada Rd UNIT 315, Little Canada, MN, 55117 offers a 9.63% rental yield on a $134,000 purchase with $1,075/mo rent. Total monthly income registers $1,075/mo, and a $656/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,857/yr on $44,421 to close, and return on cash invested stands at 26.34% in year one. Equity gained on principal adds $865/yr while 5% annual appreciation supports $37,022 over five years. Portfolio math shows five-year ROI at 137.55% and total cumulative return in cash at $61,103. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,075/mo property income against a $656/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Dan Frank • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6784547