1547 State 371 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
Investment property for sale in Backus at 1547 State 371 NW, Backus, MN, 56435 offers a 9.05% rental yield on a $299,000 purchase with $2,255/mo rent. Total monthly income registers $2,255/mo, and a $1,463/mo payment leaves $388/mo available for distribution. Annual cash flow reaches $4,660/yr on $99,119 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 128.16% and total cumulative return in cash at $127,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,255/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
2.70 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