1118 State 371 SWBackusMN56435
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
Investment property for sale in Backus at 1118 State 371 SW, Backus, MN, 56435 uses $152,490 cash to close to unlock $5,328/yr annual cash flow and $444/mo monthly cash flow. Total monthly income runs $3,316/mo, and a $2,251/mo payment keeps the spread at $444/mo. Purchase price stands at $460,000, and rental yield measures 8.65% with $3,316/mo rent. Return on cash invested shows 23.4% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 121.64% and total cumulative return in cash records $185,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,316/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1980
24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56435, Backus, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,478 (100%) |
| Owner Occupied HU | 1,084 (43.7%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,241 (50.1%) |
| Median Home Value | $298,551 |
| Average Home Value | $351,882 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
45
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Listed by: Linda Kaiser • Cedar Point Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6603666
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