347 Ramsey St #347ASaint 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
Investment property for sale in Saint Paul at 347 Ramsey St #347A, Saint Paul, MN, 55102 listed at $176,000 pairs $2,245/mo rent with a $861/mo payment to leave $457/mo cash flow. Total monthly income runs $2,245/mo, and annual cash flow reaches $5,487/yr on $58,344 cash to close. Return on cash invested measures 29.31% in year one, and rental yield registers 15.31% at a $176,000 basis. Equity gained on principal adds $1,136/yr, and annual property appreciation at 5% supports $48,626 by year five. Five-year ROI tracks 158.55% and total cumulative return in cash totals $92,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,245/mo property income relative to a $861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1888
871.20 sqft lot
$N/A/sqft
$629 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: Landon John Mathis • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6544762
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 23:01:38 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](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)