2623 Allyson WayBabbittMN55706
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 2623 Allyson Way, Babbitt, MN, 55706 priced at $525,000 converts $3,326/mo rent into $47/mo cash flow after a $2,570/mo obligation. Total monthly income equals $3,326/mo, and annual cash flow totals $567/yr on $172,725 invested. Return on cash invested prints 20.39% in year one, and rental yield reads 7.6% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 105.47% and total cumulative return in cash sums $182,181. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,326/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10 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
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Listed by: Andrea Zupancich • z' Up North Realty
Mls Name: Range AOR
Mls ID: #147556
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.