17 Law DrSilver BayMN55614
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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 Silver Bay at 17 Law Dr, Silver Bay, MN, 55614 earns $251/mo cash flow from $1,250/mo rent with a $783/mo payment. Total monthly income totals $1,250/mo, and annual cash flow totals $3,014/yr on $53,007 capital. ROI tracks 25.59% on current figures, and rental yield reads 9.38% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 133.49% and total cumulative return in cash sums $70,758. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,250/mo property income instead of your personal income.
Single Family
Built in 1966
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55614, Silver Bay, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,471 (100%) |
| Owner Occupied HU | 965 (65.6%) |
| Renter Occupied HU | 168 (11.4%) |
| Vacant Housing Units | 338 (23.0%) |
| Median Home Value | $216,209 |
| Average Home Value | $325,624 |
Housing Distribution
Address Breakdown
Residential
1,222
Single Family
1,179
Multi-Family
43
Businesses
74
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Listed by: Sue Bott • RE/MAX Professionals - Two Harbors
Mls Name: Lake Superior Area Realtors
Mls ID: #6123300