2479 Birch Park Dr NWBackusMN56435
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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
Total monthly income runs $2,490/mo, and a $2,222/mo payment. Purchase price stands at $453,900, and rental yield measures 6.58% with $2,490/mo rent. Return on cash invested shows 17.16% in year one, and 5% annual appreciation builds toward $125,404 over five years. Five-year ROI reaches 88.19% and total cumulative return in cash records $132,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $2,222/mo payment rather than investor’s personal income.
Single Family
Built in 1990
N/A 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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