1860 Eagle Ridge Dr #W303, Mendota Heights, MN, 55118 | $810/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mendota Heights at 1860 Eagle Ridge Dr #W303, Mendota Heights, MN, 55118 offers a 11.38% rental yield on a $249,900 purchase with $2,370/mo rent. Total monthly income registers $2,370/mo, and a $1,223/mo payment leaves $810/mo available for distribution. Annual cash flow reaches $9,716/yr on $82,842 to close, and return on cash invested stands at 31.64% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 165.83% and total cumulative return in cash at $137,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,370/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55118, Saint Paul, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,665 (100%)
Owner Occupied HU	8,126 (59.5%)
Renter Occupied HU	4,899 (35.9%)
Vacant Housing Units	640 ( 4.7%)
Median Home Value	$423,091
Average Home Value	$490,785