2344 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 2344 Thorndale Ave, New Brighton, MN, 55112 earns $393/mo cash flow from $2,578/mo rent with a $1,713/mo payment. Total monthly income totals $2,578/mo, and annual cash flow totals $4,712/yr on $115,992 capital. ROI tracks 23.97% on current figures, and rental yield reads 8.84% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 124.7% and total cumulative return in cash sums $144,642. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,578/mo property income instead of your personal income.
Single Family
Built in 1963
0.33 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Knisley • Castle Gate Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6796545