2231 Penn Pl APT 124North Saint PaulMN55109
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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 North Saint Paul at 2231 Penn Pl APT 124, North Saint Paul, MN, 55109 listed at $148,500 pairs $1,173/mo rent with a $727/mo payment to leave $246/mo cash flow. Total monthly income runs $1,173/mo, and annual cash flow reaches $2,946/yr on $49,228 cash to close. Return on cash invested measures 25.89% in year one, and rental yield registers 9.48% at a $148,500 basis. Equity gained on principal adds $958/yr, and annual property appreciation at 5% supports $41,028 by year five. Five-year ROI tracks 135.08% and total cumulative return in cash totals $66,495. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,173/mo property income relative to a $727/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
2.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55109, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,593 (100%) |
| Owner Occupied HU | 8,396 (61.8%) |
| Renter Occupied HU | 4,615 (34.0%) |
| Vacant Housing Units | 582 ( 4.3%) |
| Median Home Value | $346,411 |
| Average Home Value | $373,099 |
Housing Distribution
Address Breakdown
Residential
14,246
Single Family
10,131
Multi-Family
4,115
Businesses
1,051
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Listed by: James Barrett • RE/MAX Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003901