205 King St SBackusMN56435
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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 Backus at 205 King St S, Backus, MN, 56435 with 5% annual appreciation on a $158,500 basis while $2,256/mo rent supports operations. Total monthly income totals $2,256/mo and a $776/mo payment preserves $1,266/mo for cash returns. Annual cash flow comes to $15,192/yr on $52,543 deployed, and return on cash invested reaches 48.82% in year one. Equity gained on principal adds $1,023/yr, and five-year appreciation sums $43,791 alongside rental yield of 17.08%. Five-year ROI measures 258.07% and total cumulative return in cash totals $135,599.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,256/mo property income versus a $776/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56435, Backus, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,478 (100%) |
| Owner Occupied HU | 1,084 (43.7%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,241 (50.1%) |
| Median Home Value | $298,551 |
| Average Home Value | $351,882 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
45
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