2056 Summit AveSaint PaulMN55105
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who value predictability will appreciate 2056 Summit Ave, Saint Paul, MN, 55105 in Saint Paul. At $999,999 it earns $6,577/mo in rent and distributes $333/mo to the owner after the $4,497/mo payment, a consistent 7.89% yield. DSCR 1.46 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $276,281 in value; $9,210/yr in principal paydown compounds ownership stake. Total projected return: $400,770.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.2% |
| Monthly Cash Flow | $333 | $485 |
City averages based on Saint Paul market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,577 |
| Total Monthly Debt Service | $5,847 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55105, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,487 (100%) |
| Owner Occupied HU | 6,792 (59.1%) |
| Renter Occupied HU | 4,008 (34.9%) |
| Vacant Housing Units | 687 ( 6.0%) |
| Median Home Value | $479,486 |
| Average Home Value | $535,130 |
Housing Distribution
Address Breakdown
Residential
11,537
Single Family
8,029
Multi-Family
3,508
Businesses
520
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
Single Family
Built in 1925
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55105, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,487 (100%) |
| Owner Occupied HU | 6,792 (59.1%) |
| Renter Occupied HU | 4,008 (34.9%) |
| Vacant Housing Units | 687 ( 6.0%) |
| Median Home Value | $479,486 |
| Average Home Value | $535,130 |
Housing Distribution
Address Breakdown
Residential
11,537
Single Family
8,029
Multi-Family
3,508
Businesses
520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wade A Klick • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6800535