132 5th Ave SBiwabikMN55708
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 Biwabik at 132 5th Ave S, Biwabik, MN, 55708 offers $870/mo rent that, after a $563/mo payment, leaves $152/mo cash flow. Total monthly income is $870/mo, and annual cash flow is $1,821/yr on $38,121 cash. Return on cash invested measures 24.69% in year one, and rental yield stands at 9.08% at a $114,994 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,771 by year five. Five-year ROI records 128.55% and total cumulative return in cash reaches $49,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $870/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Johnson • eXp Realty, LLC- MN
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117769
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.