1274 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
Rental property for sale in Backus at 1274 State 371 SW, Backus, MN, 56435 generates $3,264/mo in rent and, after a $2,105/mo payment, leaves $579/mo in cash flow. Total monthly income is $3,264/mo, and annual cash flow is $6,942/yr on $142,545 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.11% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 129.04% and total cumulative return in cash sums $183,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,264/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
8.38 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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Nearby investment properties with comparable prices
Listed by: Daniel Pflugshaupt • Gallery of Homes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6715099
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