488 Wabasha St N UNIT 502Saint 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
Investment property for sale in Saint Paul at 488 Wabasha St N UNIT 502, Saint Paul, MN, 55102 uses $52,211 cash to close to unlock $3,232/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,253/mo, and a $771/mo payment keeps the spread at $269/mo. Purchase price stands at $157,500, and rental yield measures 9.55% with $1,253/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 136.17% and total cumulative return in cash records $71,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,253/mo property income covering a $771/mo payment rather than investor’s personal income.
Condo
Built in 1908
N/A 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: Scott K Belcher • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787714