350 Oakwood Dr APT 18New BrightonMN55112
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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
Investment property for sale in New Brighton at 350 Oakwood Dr APT 18, New Brighton, MN, 55112 uses $53,040 cash to close to unlock $2,976/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $783/mo payment keeps the spread at $248/mo. Purchase price stands at $160,000, and rental yield measures 9.35% with $1,247/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash records $70,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1965
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55112, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,544 (100%) |
| Owner Occupied HU | 12,013 (64.8%) |
| Renter Occupied HU | 5,847 (31.5%) |
| Vacant Housing Units | 684 ( 3.7%) |
| Median Home Value | $371,750 |
| Average Home Value | $404,876 |
Housing Distribution
Address Breakdown
Residential
19,130
Single Family
13,357
Multi-Family
5,773
Businesses
1,097
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Listed by: Erich Young • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6701246