1577 36th Ave SWBackusMN56435
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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 1577 36th Ave SW, Backus, MN, 56435 offers a 10.3% rental yield on a $299,900 purchase with $2,573/mo rent. Total monthly income registers $2,573/mo, and a $1,468/mo payment leaves $700/mo available for distribution. Annual cash flow reaches $8,402/yr on $99,417 to close, and return on cash invested stands at 28.36% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 148.28% and total cumulative return in cash at $147,412. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,573/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
10.19 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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