2650 University Ave W APT 311Saint PaulMN55114
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
Rental property for sale in Saint Paul at 2650 University Ave W APT 311, Saint Paul, MN, 55114 generates $1,652/mo in rent and, after a $1,199/mo payment, leaves $122/mo in cash flow. Total monthly income is $1,652/mo, and annual cash flow is $1,467/yr on $81,218 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 8.09% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 112.66% and total cumulative return in cash sums $91,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,652/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A 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: Marcia A. Hernick • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826535