1831 State Highway 11 SEBaudetteMN56623
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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 1831 State Highway 11 SE, Baudette, MN, 56623 offers a 8.46% rental yield on a $225,000 purchase with $1,586/mo rent. Total monthly income registers $1,586/mo, and a $1,101/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,175/yr on $74,588 to close, and return on cash invested stands at 22.83% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 118.6% and total cumulative return in cash at $88,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
4.88 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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