518 Laurel AveSaint 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 518 Laurel Ave, Saint Paul, MN, 55102 priced at $995,000 converts $1,837/mo rent into after a $4,870/mo obligation. Total monthly income equals $1,837/mo. Return on cash invested prints 4.02% in year one, and rental yield reads 2.22% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 17.66% and total cumulative return in cash sums $57,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,837/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Multi Family
Built in 1911
6,969 sqft 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: Christopher J Ames • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6689608