456 Summit Ave APT 203Saint PaulMN55102
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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 Saint Paul at 456 Summit Ave APT 203, Saint Paul, MN, 55102 generates $2,249/mo in rent and, after a $1,370/mo payment, leaves $501/mo in cash flow. Total monthly income is $2,249/mo, and annual cash flow is $6,014/yr on $92,787 invested. Return on cash invested sits at 26.39% in year one, and rental yield is 9.64% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 137.72% and total cumulative return in cash sums $127,789. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,249/mo property income rather than buyer’s personal income.
Condo
Built in 1966
0.66 Acres 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
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Listed by: Troy F. Friedges • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6780171