341 Wedgewood DrMahtomediMN55115
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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 Mahtomedi at 341 Wedgewood Dr, Mahtomedi, MN, 55115 offers $3,492/mo rent that, after a $2,154/mo payment, leaves $744/mo cash flow. Total monthly income is $3,492/mo, and annual cash flow is $8,928/yr on $145,860 cash. Return on cash invested measures 26.03% in year one, and rental yield stands at 9.52% at a $440,000 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,564 by year five. Five-year ROI records 135.73% and total cumulative return in cash reaches $197,974. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,492/mo property income versus a $2,154/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55115, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,832 (100%) |
| Owner Occupied HU | 2,873 (75.0%) |
| Renter Occupied HU | 809 (21.1%) |
| Vacant Housing Units | 150 ( 3.9%) |
| Median Home Value | $575,470 |
| Average Home Value | $659,920 |
Housing Distribution
Address Breakdown
Residential
3,644
Single Family
3,060
Multi-Family
584
Businesses
91
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