2 Skillman LnNorth OaksMN55127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in North Oaks at 2 Skillman Ln, North Oaks, MN, 55127 priced at $950,000 converts $7,121/mo rent into $1,020/mo cash flow after a $4,650/mo obligation. Total monthly income equals $7,121/mo, and annual cash flow totals $12,234/yr on $312,550 invested. Return on cash invested prints 23.97% in year one, and rental yield reads 8.99% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 124.92% and total cumulative return in cash sums $390,434. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,121/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 1961
1.90 Acres lot
$N/A/sqft
$169 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55127, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 6,292 (73.6%) |
| Renter Occupied HU | 1,775 (20.8%) |
| Vacant Housing Units | 480 ( 5.6%) |
| Median Home Value | $458,516 |
| Average Home Value | $534,441 |
Housing Distribution
Address Breakdown
Residential
8,077
Single Family
7,259
Multi-Family
818
Businesses
429
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Nearby investment properties with comparable prices
Listed by: George M Jacob • The Realty House
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6775769
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