211 3rd Ave NBiwabikMN55708
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 211 3rd Ave N, Biwabik, MN, 55708 in Biwabik deserves attention. This $112,000 property earns $2,328/mo in rent, a 24.94% gross yield, and nets $1,629/mo after the $504/mo payment. DSCR 4.62 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $30,944 compounds alongside $1,032/yr in yearly equity build, for a total cumulative return of $147,274.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.9% | 9.5% |
| Monthly Cash Flow | $1,629 | $150 |
City averages based on Biwabik market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,328 |
| Total Monthly Debt Service | $655 |
| DSCR Ratio | 3.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55708, Biwabik, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 355 (73.3%) |
| Renter Occupied HU | 73 (15.1%) |
| Vacant Housing Units | 56 (11.6%) |
| Median Home Value | $99,667 |
| Average Home Value | $117,282 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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
Single Family
Built in 1910
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55708, Biwabik, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 355 (73.3%) |
| Renter Occupied HU | 73 (15.1%) |
| Vacant Housing Units | 56 (11.6%) |
| Median Home Value | $99,667 |
| Average Home Value | $117,282 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices