20 Ivy BlvdBabbittMN55706
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Babbitt at 20 Ivy Blvd, Babbitt, MN, 55706 priced at $179,000 pairs $2,207/mo rent with $1,089/mo cash flow after a $876/mo payment. Total monthly income equals $2,207/mo, and annual cash flow comes to $13,072/yr on $59,339 invested. Return on cash invested is 41.94% in year one, and rental yield stands at 14.8% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 221.1% and total cumulative return in cash reaches $131,199. For financing, Ziffy Mortgage’s DSCR program evaluates $2,207/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.47 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Yahnke • Bear Island Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120507
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.