397 Cottage Ave W #3Saint PaulMN55117
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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 Saint Paul at 397 Cottage Ave W #3, Saint Paul, MN, 55117 offers a 13.98% rental yield on a $170,000 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $832/mo payment leaves $919/mo available for distribution. Annual cash flow reaches $11,022/yr on $56,355 to close, and return on cash invested stands at 39.47% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 207.82% and total cumulative return in cash at $117,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1982
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55117, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,460 (100%) |
| Owner Occupied HU | 9,125 (52.3%) |
| Renter Occupied HU | 7,602 (43.5%) |
| Vacant Housing Units | 733 ( 4.2%) |
| Median Home Value | $306,338 |
| Average Home Value | $366,984 |
Housing Distribution
Address Breakdown
Residential
16,588
Single Family
11,269
Multi-Family
5,319
Businesses
867
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Listed by: Amy Turner • Elite Realty & Co
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6803020