2971 David CirLittle CanadaMN55117
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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 Little Canada at 2971 David Cir, Little Canada, MN, 55117 generates $2,405/mo in rent and, after a $1,835/mo payment, leaves $64/mo in cash flow. Total monthly income is $2,405/mo, and annual cash flow is $765/yr on $124,313 invested. Return on cash invested sits at 20.52% in year one, and rental yield is 7.7% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 106.21% and total cumulative return in cash sums $132,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,405/mo property income rather than buyer’s personal income.
Townhouse
Built in 1998
2,744 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55117, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,460 (100%) |
| Owner Occupied HU | 9,125 (52.3%) |
| Renter Occupied HU | 7,602 (43.5%) |
| Vacant Housing Units | 733 ( 4.2%) |
| Median Home Value | $306,338 |
| Average Home Value | $366,984 |
Housing Distribution
Address Breakdown
Residential
16,588
Single Family
11,269
Multi-Family
5,319
Businesses
867
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Listed by: Darin Bjerknes - Minnesotan • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7012166