107 Central BlvdBabbittMN55706
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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 Babbitt at 107 Central Blvd, Babbitt, MN, 55706 priced at $165,000 pairs $1,238/mo rent with $207/mo cash flow after a $808/mo payment. Total monthly income equals $1,238/mo, and annual cash flow comes to $2,487/yr on $54,698 invested. Return on cash invested is 24.46% in year one, and rental yield stands at 9% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 127.38% and total cumulative return in cash reaches $69,671. For financing, Ziffy Mortgage’s DSCR program evaluates $1,238/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55706, Babbitt, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,215 (100%) |
| Owner Occupied HU | 715 (58.8%) |
| Renter Occupied HU | 133 (10.9%) |
| Vacant Housing Units | 367 (30.2%) |
| Median Home Value | $114,063 |
| Average Home Value | $209,073 |
Housing Distribution
Address Breakdown
Residential
932
Single Family
885
Multi-Family
47
Businesses
59
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Listed by: Sheri Israel • z' Up North Realty
Mls Name: Range AOR
Mls ID: #148410
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.