2257 Thorndale AveNew BrightonMN55112
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
Investment property for sale in New Brighton at 2257 Thorndale Ave, New Brighton, MN, 55112 uses $114,666 cash to close to unlock $5,939/yr annual cash flow and $495/mo monthly cash flow. Total monthly income runs $2,682/mo, and a $1,693/mo payment keeps the spread at $495/mo. Purchase price stands at $345,900, and rental yield measures 9.3% with $2,682/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $95,566 over five years. Five-year ROI reaches 130.79% and total cumulative return in cash records $149,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,682/mo property income covering a $1,693/mo payment rather than investor’s personal income.
Single Family
Built in 1959
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55112, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,544 (100%) |
| Owner Occupied HU | 12,013 (64.8%) |
| Renter Occupied HU | 5,847 (31.5%) |
| Vacant Housing Units | 684 ( 3.7%) |
| Median Home Value | $371,750 |
| Average Home Value | $404,876 |
Housing Distribution
Address Breakdown
Residential
19,130
Single Family
13,357
Multi-Family
5,773
Businesses
1,097
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Listed by: Richard (Dick) Braun • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6597798
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