5009 Lake Ave APT 201White Bear LakeMN55110
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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 White Bear Lake at 5009 Lake Ave APT 201, White Bear Lake, MN, 55110 offers a 6.12% rental yield on a $595,000 purchase with $3,035/mo rent. 89% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 81.33% and total cumulative return in cash at $159,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,035/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55110, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 12,150 (71.6%) |
| Renter Occupied HU | 4,031 (23.7%) |
| Vacant Housing Units | 800 ( 4.7%) |
| Median Home Value | $379,058 |
| Average Home Value | $444,905 |
Housing Distribution
Address Breakdown
Residential
16,447
Single Family
13,844
Multi-Family
2,603
Businesses
1,235
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Listed by: Rathmanner & Co. - Marty Rathmanner • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822228