1887 Simpson StFalcon HeightsMN55113
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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 Falcon Heights at 1887 Simpson St, Falcon Heights, MN, 55113 earns $604/mo cash flow from $2,789/mo rent with a $1,713/mo payment. Total monthly income totals $2,789/mo, and annual cash flow totals $7,242/yr on $116,025 capital. ROI tracks 26.15% on current figures, and rental yield reads 9.56% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 136.4% and total cumulative return in cash sums $158,258. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,789/mo property income instead of your personal income.
Single Family
Built in 1953
9,801 sqft 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: Mary Sommerfeld • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7000774