34 Elm BlvdBabbittMN55706
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 34 Elm Blvd, Babbitt, MN, 55706 priced at $139,000 converts $1,066/mo rent into $198/mo cash flow after a $680/mo obligation. Total monthly income equals $1,066/mo, and annual cash flow totals $2,380/yr on $46,079 invested. Return on cash invested prints 25.07% in year one, and rental yield reads 9.2% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 130.67% and total cumulative return in cash sums $60,212. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,066/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1956
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices