323 Michigan StSaint PaulMN55102
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 323 Michigan St, Saint Paul, MN, 55102 in Saint Paul. Priced at $320,000, it generates $2,772/mo in gross rent and $774/mo in net monthly cash flow, a 10.39% yield that comfortably supports the 1.93 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,285. Five-year appreciation: $88,410. Equity from principal paydown: $2,947/yr. Total projected cumulative return: $171,188.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 5.2% |
| Monthly Cash Flow | $774 | $485 |
City averages based on Saint Paul market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,772 |
| Total Monthly Debt Service | $1,871 |
| DSCR Ratio | 1.48x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1896
3,136 sqft lot
$N/A/sqft
No 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
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
Single Family
Built in 1896
3,136 sqft lot
$N/A/sqft
No 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: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7058518