1682 State Highway 11 SEBaudetteMN56623
Nearby investment properties with comparable rents
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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 Baudette at 1682 State Highway 11 SE, Baudette, MN, 56623 earns from $1,854/mo rent with a $1,933/mo payment. Total monthly income totals $1,854/mo. ROI tracks 14.3% on current figures, and rental yield reads 5.63% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 72.83% and total cumulative return in cash sums $95,370. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,854/mo property income instead of your personal income.
Single Family
Built in 1940
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56623, Baudette, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,054 (47.9%) |
| Renter Occupied HU | 254 (11.5%) |
| Vacant Housing Units | 892 (40.5%) |
| Median Home Value | $248,343 |
| Average Home Value | $259,893 |
Housing Distribution
Address Breakdown
Residential
1,226
Single Family
1,132
Multi-Family
94
Businesses
169
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