535 Ashland Ave APT 2Saint PaulMN55102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 535 Ashland Ave APT 2, Saint Paul, MN, 55102 priced at $329,000 converts $2,627/mo rent into $73/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,627/mo, and annual cash flow totals $874/yr on $109,064 invested. Return on cash invested prints 20.71% in year one, and rental yield reads 9.58% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 109.21% and total cumulative return in cash sums $119,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,627/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Condo
Built in 1889
N/A lot
$N/A/sqft
$500 monthly 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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Nearby investment properties with comparable prices
Listed by: Jonathan Kiernan • BRIX Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6681656
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