304 Spring StSaint PaulMN55102
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 304 Spring St, Saint Paul, MN, 55102 priced at $545,000 converts $4,889/mo rent into $535/mo cash flow after a $2,668/mo obligation. Total monthly income equals $4,889/mo, and annual cash flow totals $6,415/yr on $179,305 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 10.76% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 125.19% and total cumulative return in cash sums $224,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,889/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Condo
Built in 2004
0.70 Acres lot
$N/A/sqft
$769 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55102, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,901 (100%) |
| Owner Occupied HU | 4,204 (35.3%) |
| Renter Occupied HU | 6,726 (56.5%) |
| Vacant Housing Units | 971 ( 8.2%) |
| Median Home Value | $379,658 |
| Average Home Value | $449,212 |
Housing Distribution
Address Breakdown
Residential
11,743
Single Family
4,352
Multi-Family
7,391
Businesses
889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer D Lundquist • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6696260
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-03 10:18:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)