31 Garden CirBabbittMN55706
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 31 Garden Cir, Babbitt, MN, 55706 offers $1,149/mo rent that, after a $732/mo payment, leaves $215/mo cash flow. Total monthly income is $1,149/mo, and annual cash flow is $2,580/yr on $49,592 cash. Return on cash invested measures 25.11% in year one, and rental yield stands at 9.22% at a $149,600 entry. Equity gained on principal adds $965/yr while 5% annual appreciation compounds into $41,332 by year five. Five-year ROI records 130.93% and total cumulative return in cash reaches $64,932. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,149/mo property income versus a $732/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
9,147 sqft 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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