2240 Baker TrlFaribaultMN55021
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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 Faribault at 2240 Baker Trl, Faribault, MN, 55021 with 5% annual appreciation on a $299,900 basis while $2,263/mo rent supports operations. Total monthly income totals $2,263/mo and a $1,468/mo payment preserves $390/mo for cash returns. Annual cash flow comes to $4,682/yr on $99,417 deployed, and return on cash invested reaches 24.62% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 9.06%. Five-year ROI measures 128.2% and total cumulative return in cash totals $127,456.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,263/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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