1840 Iowa Ave ESaint PaulMN55119
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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 1840 Iowa Ave E, Saint Paul, MN, 55119 uses $95,804 cash to close to unlock $4,462/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $2,177/mo, and a $1,415/mo payment keeps the spread at $372/mo. Purchase price stands at $289,000, and rental yield measures 9.04% with $2,177/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 127.89% and total cumulative return in cash records $122,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,177/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1951
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55119, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,186 (100%) |
| Owner Occupied HU | 9,858 (60.9%) |
| Renter Occupied HU | 5,603 (34.6%) |
| Vacant Housing Units | 725 ( 4.5%) |
| Median Home Value | $309,825 |
| Average Home Value | $336,201 |
Housing Distribution
Address Breakdown
Residential
16,125
Single Family
11,505
Multi-Family
4,620
Businesses
295
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Listed by: Norma M. Abad • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6771683