3459 S Lakeshore DrBarnumMN55707
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 Barnum at 3459 S Lakeshore Dr, Barnum, MN, 55707 generates $2,340/mo in rent and, after a $1,322/mo payment, leaves $654/mo in cash flow. Total monthly income is $2,340/mo, and annual cash flow is $7,842/yr on $89,505 invested. Return on cash invested sits at 28.67% in year one, and rental yield is 10.4% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 149.92% and total cumulative return in cash sums $134,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55707, Barnum, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,704 (100%) |
| Owner Occupied HU | 1,278 (75.0%) |
| Renter Occupied HU | 149 ( 8.7%) |
| Vacant Housing Units | 277 (16.3%) |
| Median Home Value | $300,000 |
| Average Home Value | $331,273 |
Housing Distribution
Address Breakdown
Residential
1,421
Single Family
1,396
Multi-Family
25
Businesses
54
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Listed by: Valerie Berg • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119649
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.