2566 Ellis Ave APT 116Saint PaulMN55114
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 2566 Ellis Ave APT 116, Saint Paul, MN, 55114 in Saint Paul is narrow, $122/mo net on $2,432/mo rent after the $1,259/mo debt service, but the property operates at break-even-plus, not a loss. At $279,900 with a 10.43% yield, the long-run equity case via 5% appreciation ($77,331 over five years) and $2,578/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.93 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $150,244.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 5.2% |
| Monthly Cash Flow | $122 | $485 |
City averages based on Saint Paul market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,432 |
| Total Monthly Debt Service | $1,636 |
| DSCR Ratio | 1.49x |
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.
Condo
Built in 2003
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55114, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,495 (100%) |
| Owner Occupied HU | 581 (16.6%) |
| Renter Occupied HU | 2,718 (77.8%) |
| Vacant Housing Units | 196 ( 5.6%) |
| Median Home Value | $361,572 |
| Average Home Value | $401,016 |
Housing Distribution
Address Breakdown
Residential
3,612
Single Family
511
Multi-Family
3,101
Businesses
894
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
Condo
Built in 2003
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55114, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,495 (100%) |
| Owner Occupied HU | 581 (16.6%) |
| Renter Occupied HU | 2,718 (77.8%) |
| Vacant Housing Units | 196 ( 5.6%) |
| Median Home Value | $361,572 |
| Average Home Value | $401,016 |
Housing Distribution
Address Breakdown
Residential
3,612
Single Family
511
Multi-Family
3,101
Businesses
894
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Johnson GRI • Carriage Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010297