884 Marie Ave WMendota HeightsMN55118
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 Mendota Heights at 884 Marie Ave W, Mendota Heights, MN, 55118 offers $3,088/mo rent that, after a $1,713/mo payment, leaves $903/mo cash flow. Total monthly income is $3,088/mo, and annual cash flow is $10,830/yr on $116,025 cash. Return on cash invested measures 29.24% in year one, and rental yield stands at 10.59% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 152.99% and total cumulative return in cash reaches $177,506. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,088/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1987
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55118, Saint Paul, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,665 (100%) |
| Owner Occupied HU | 8,126 (59.5%) |
| Renter Occupied HU | 4,899 (35.9%) |
| Vacant Housing Units | 640 ( 4.7%) |
| Median Home Value | $423,091 |
| Average Home Value | $490,785 |
Housing Distribution
Address Breakdown
Residential
13,700
Single Family
8,258
Multi-Family
5,442
Businesses
759
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Success Home Team • Keller Williams Select Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6789539