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$234,990

For Sale - Active
53 Maryland Ave E, Saint Paul, MN 55117
3 Beds
1 Bath
1,236 Square Feet
0.07 Acres Lot
Built in 1904
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jun 04, 2025 at 08:15AM

Investment Summary


Monthly Cash Flow
$48
Cap Rate
5.9%
Cash-on-Cash Return
1.1%
Debt Coverage Ratio
1.04
Internal Rate of Return (5 years)
5.0%

Property Description


0.07 Acres Lot
Built in 1904
For Sale - Active
1 Units

Welcome home to 53 Maryland Ave E! This charming and well-maintained 3-bedroom home is filled with natural light and offers a seamless flow throughout. You'll love cooking in your beautifully updated kitchen. Step outside to a serene, fenced-in backyard—perfect for summer BBQs and enjoying the outdoors. With quick highway access and a short drive to shops, restaurants and downtown St. Paul, convenience is at your doorstep. This move-in-ready home is waiting for you—don’t miss out!

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Location


Property Details


Parking

  • Description: Gravel
  • Details: Gravel
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Stucco

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 192922340022
  • Lot Size: 3049 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1904

Tax Information

  • Annual Tax: $2,640

Utilities

  • Heating: Forced Air

Location

  • County: Ramsey

Listing Details


Listed by:
Marlee Marie Schlief
LPT Realty, LLC
(651) 363-2277

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6657019
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
$48
Cap Rate
5.9%
Cash-on-Cash Return
1.1%
Debt Coverage Ratio
1.04
Internal Rate of Return (5 years)
5.0%

Purchase Details

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Purchase price:
$234,990
Amount financed:
-$187,992
Down payment:
$46,998
Closing costs:
$7,050
Rehab costs:
$0
Initial cash invested:
$54,048
Square feet:
1,236
Cost per square foot:
$190
Monthly rent per square foot:
$1.62

Financing Details

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Loan amount:
$187,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,112
Property tax:
$220
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,472

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$220-$2,640
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$720-$8,640

Cash Flow


Monthly Yearly
Net operating income:
$1,160 $13,920
Mortgage payments:
-$1,112 -$13,344
Cash flow:
$48 $576