2308 16th Ave ENorth 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 2308 16th Ave E, North Saint Paul, MN, 55109 offers a 9.72% rental yield on a $385,000 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $1,884/mo payment leaves $716/mo available for distribution. Annual cash flow reaches $8,595/yr on $127,628 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 139.04% and total cumulative return in cash at $177,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,102 sqft 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: Bee V. Yang • Bee Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002646