104 3rd Ave SBabbittMN55708
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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
Investment property for sale in Babbitt at 104 3rd Ave S, Babbitt, MN, 55708 listed at $167,000 pairs $2,364/mo rent with a $817/mo payment to leave $1,322/mo cash flow. Total monthly income runs $2,364/mo, and annual cash flow reaches $15,859/yr on $55,361 cash to close. Return on cash invested measures 48.56% in year one, and rental yield registers 16.99% at a $167,000 basis. Equity gained on principal adds $1,078/yr, and annual property appreciation at 5% supports $46,139 by year five. Five-year ROI tracks 256.56% and total cumulative return in cash totals $142,035. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,364/mo property income relative to a $817/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55708, Biwabik, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 355 (73.3%) |
| Renter Occupied HU | 73 (15.1%) |
| Vacant Housing Units | 56 (11.6%) |
| Median Home Value | $99,667 |
| Average Home Value | $117,282 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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Nearby investment properties with comparable prices
Listed by: Norma Jean Jofs • Next Door Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120610
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.