15 Balsam CirBabbittMN55706
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 Babbitt at 15 Balsam Cir, Babbitt, MN, 55706 priced at $162,000 pairs $1,299/mo rent with $287/mo cash flow after a $793/mo payment. Total monthly income equals $1,299/mo, and annual cash flow comes to $3,448/yr on $53,703 invested. Return on cash invested is 26.33% in year one, and rental yield stands at 9.62% on a $162,000 basis. Equity gained on principal adds $1,045/yr, and 5% annual appreciation accumulates to $44,758 by year five. Five-year ROI measures 137.41% and total cumulative return in cash reaches $73,793. For financing, Ziffy Mortgage’s DSCR program evaluates $1,299/mo property income against a $793/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55706, Babbitt, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,215 (100%) |
| Owner Occupied HU | 715 (58.8%) |
| Renter Occupied HU | 133 (10.9%) |
| Vacant Housing Units | 367 (30.2%) |
| Median Home Value | $114,063 |
| Average Home Value | $209,073 |
Housing Distribution
Address Breakdown
Residential
932
Single Family
885
Multi-Family
47
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Schulze • Keller Williams Classic Realty NW - Ely
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117820
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.