579 Summit Ave APT 102Saint 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
Investment property for sale in Saint Paul at 579 Summit Ave APT 102, Saint Paul, MN, 55102 uses $46,410 cash to close to unlock $732/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $1,314/mo, and a $685/mo payment keeps the spread at $61/mo. Purchase price stands at $139,999, and rental yield measures 11.26% with $1,314/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash records $53,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,314/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1896
0.28 Acres lot
$N/A/sqft
$379 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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Listed by: Svitlana Moore • Chasing Dreams Real Estate
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6581172
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