13856 Memorywood DrBaxterMN56425
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 Baxter at 13856 Memorywood Dr, Baxter, MN, 56425 generates $2,106/mo in rent, after a $2,251/mo payment. Total monthly income is $2,106/mo. Return on cash invested sits at 13.88% in year one, and rental yield is 5.5% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 70.62% and total cumulative return in cash sums $107,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,106/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56425, Baxter, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 2,479 (61.3%) |
| Renter Occupied HU | 1,221 (30.2%) |
| Vacant Housing Units | 345 ( 8.5%) |
| Median Home Value | $349,885 |
| Average Home Value | $374,017 |
Housing Distribution
Address Breakdown
Residential
3,818
Single Family
3,023
Multi-Family
795
Businesses
370
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Nearby investment properties with comparable prices
Listed by: Matthew Pecarich • Kurilla Real Estate LTD
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6527059
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