325 Summit Ave WBlackduckMN56630
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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 Blackduck at 325 Summit Ave W, Blackduck, MN, 56630 with 5% annual appreciation on a $555,000 basis while $1,204/mo rent supports operations. 2% in year one. Equity gained on principal adds $3,581/yr, and five-year appreciation sums $153,336 alongside rental yield of 2.6%. Five-year ROI measures 24% and total cumulative return in cash totals $43,832. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,204/mo property income versus a $2,716/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1995
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56630, Blackduck, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,246 (100%) |
| Owner Occupied HU | 706 (56.7%) |
| Renter Occupied HU | 220 (17.7%) |
| Vacant Housing Units | 320 (25.7%) |
| Median Home Value | $240,833 |
| Average Home Value | $294,823 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
866
Multi-Family
67
Businesses
71
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