9615 46th St NESaint MichaelMN55376
INVESTMENT ANALYSIS
Investment Verdict
Solid Income9615 46th St NE, Saint Michael, MN, 55376 in Saint Michael is a solid income-producing rental, 8.88% gross yield, $3,701/mo rent, $579/mo net cash flow on a $499,950 buy. DSCR 1.65 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $138,127 and $4,605/yr in principal reduction project a total cumulative return of $227,015.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 3.8% |
| Monthly Cash Flow | $579 | $1,250 |
City averages based on Saint Michael market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,701 |
| Total Monthly Debt Service | $2,923 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
10,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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
Single Family
Built in 2025
10,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Schmitt • Robert Thomas Homes, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6819194