3150 Glen Oaks Ave #311AWhite Bear LakeMN55110
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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 White Bear Lake at 3150 Glen Oaks Ave #311A, White Bear Lake, MN, 55110 generates $1,872/mo in rent, after a $1,933/mo payment. Total monthly income is $1,872/mo. Return on cash invested sits at 14.46% in year one, and rental yield is 5.69% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 73.71% and total cumulative return in cash sums $96,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,872/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55110, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 12,150 (71.6%) |
| Renter Occupied HU | 4,031 (23.7%) |
| Vacant Housing Units | 800 ( 4.7%) |
| Median Home Value | $379,058 |
| Average Home Value | $444,905 |
Housing Distribution
Address Breakdown
Residential
16,447
Single Family
13,844
Multi-Family
2,603
Businesses
1,235
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Listed by: Lisa A. Madore • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6767759