649 Old Highway 8 NW APT 431New BrightonMN55112
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 New Brighton at 649 Old Highway 8 NW APT 431, New Brighton, MN, 55112 generates $1,375/mo in rent, after a $905/mo payment. Total monthly income is $1,375/mo. Return on cash invested sits at 17.34% in year one, and rental yield is 8.92% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 91.64% and total cumulative return in cash sums $56,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,375/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$330 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55112, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,544 (100%) |
| Owner Occupied HU | 12,013 (64.8%) |
| Renter Occupied HU | 5,847 (31.5%) |
| Vacant Housing Units | 684 ( 3.7%) |
| Median Home Value | $371,750 |
| Average Home Value | $404,876 |
Housing Distribution
Address Breakdown
Residential
19,130
Single Family
13,357
Multi-Family
5,773
Businesses
1,097
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peyman Najafi • Realty Group LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6627643
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-06 08:18:27 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)