598 Summit Ave #598-1Saint 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 598 Summit Ave #598-1, Saint Paul, MN, 55102 generates $2,245/mo in rent and, after a $1,213/mo payment, leaves $697/mo in cash flow. Total monthly income is $2,245/mo, and annual cash flow is $8,368/yr on $82,179 invested. Return on cash invested sits at 30.09% in year one, and rental yield is 10.87% on a $247,900 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation builds toward $68,490 over five years. Five-year ROI reaches 157.56% and total cumulative return in cash sums $129,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,245/mo property income rather than buyer’s personal income.
Condo
Built in 1890
0.02 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: Elizabeth Williamson • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6776491