1961 9th StWhite Bear LakeMN55110
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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 White Bear Lake at 1961 9th St, White Bear Lake, MN, 55110 offers a 10.89% rental yield on a $375,000 purchase with $3,404/mo rent. Total monthly income registers $3,404/mo, and a $1,835/mo payment leaves $1,063/mo available for distribution. Annual cash flow reaches $12,753/yr on $124,313 to close, and return on cash invested stands at 30.17% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 157.92% and total cumulative return in cash at $196,311. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,404/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
9,539 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55110, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 12,150 (71.6%) |
| Renter Occupied HU | 4,031 (23.7%) |
| Vacant Housing Units | 800 ( 4.7%) |
| Median Home Value | $379,058 |
| Average Home Value | $444,905 |
Housing Distribution
Address Breakdown
Residential
16,447
Single Family
13,844
Multi-Family
2,603
Businesses
1,235
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Listed by: Paige Vadnais • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007619