2566 Ellis Ave APT 116Saint PaulMN55114
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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
Rental property for sale in Saint Paul at 2566 Ellis Ave APT 116, Saint Paul, MN, 55114 generates $2,376/mo in rent and, after a $1,370/mo payment, leaves $628/mo in cash flow. Total monthly income is $2,376/mo, and annual cash flow is $7,538/yr on $92,787 invested. Return on cash invested sits at 28.03% in year one, and rental yield is 10.19% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 146.52% and total cumulative return in cash sums $135,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,376/mo property income rather than buyer’s personal income.
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
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Listed by: Christopher Johnson GRI • Carriage Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010297