17 Hemlock CirBabbittMN55706
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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 Babbitt at 17 Hemlock Cir, Babbitt, MN, 55706 uses $43,062 cash to close to unlock $2,108/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $987/mo, and a $636/mo payment keeps the spread at $176/mo. Purchase price stands at $129,900, and rental yield measures 9.12% with $987/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 129.21% and total cumulative return in cash records $55,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $987/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.33 Acres 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
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Nearby investment properties with comparable prices
Listed by: Steve Lynch • 10,000 Homes LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118595
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.