12365 Scenic Hwy NEBlackduckMN56630
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play12365 Scenic Hwy NE, Blackduck, MN, 56630 in Blackduck is priced for appreciation, not yield. Rental yield 3.65%. At $719,000 with a 3.65% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $198,646 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.68) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $124,789.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.5% |
| Monthly Cash Flow | $(2,301) | $350 |
City averages based on Blackduck market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,189 |
| Total Monthly Debt Service | $4,204 |
| DSCR Ratio | 0.52x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2016
44.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56630, Blackduck, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,246 (100%) |
| Owner Occupied HU | 706 (56.7%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 320 (25.7%) |
| Median Home Value | $240,833 |
| Average Home Value | $294,823 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
866
Multi-Family
67
Businesses
71
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 2016
44.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56630, Blackduck, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,246 (100%) |
| Owner Occupied HU | 706 (56.7%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 320 (25.7%) |
| Median Home Value | $240,833 |
| Average Home Value | $294,823 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
866
Multi-Family
67
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices