1374 Pine Mountain Lake Rd NWBackusMN56435
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 1374 Pine Mountain Lake Rd NW, Backus, MN, 56435 offers $1,685/mo rent that, after a $1,463/mo payment. Total monthly income is $1,685/mo. Return on cash invested measures 17.71% in year one, and rental yield stands at 6.76% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 91.15% and total cumulative return in cash reaches $90,346. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,685/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
35.74 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael D. Williams • RE/MAX Results - Nisswa
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6637791
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-06 08:18:27 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)