1496 Willard Lake Rd NWBackusMN56435
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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
Investment property for sale in Backus at 1496 Willard Lake Rd NW, Backus, MN, 56435 at $382,000 posts ROI 29.86% with $1,050/mo cash flow from $3,436/mo rent. Total monthly income equals $3,436/mo, and annual cash flow records $12,604/yr on $126,633 to close. Return on cash invested measures 29.86% and rental yield reads 10.79% at the current $382,000. Equity gained on principal adds $2,465/yr, and 5% annual appreciation supports $105,540 by year five. Five-year ROI prints 156.31% and total cumulative return in cash totals $197,945.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,436/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
8.07 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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