3536 Old Highway 61BarnumMN55707
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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
Rental property for sale in Barnum at 3536 Old Highway 61, Barnum, MN, 55707 generates $2,340/mo in rent, after a $2,937/mo payment. Total monthly income is $2,340/mo. Return on cash invested sits at 11.51% in year one, and rental yield is 4.68% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 57.82% and total cumulative return in cash sums $114,131. 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 1979
31.90 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: Dave Lilja • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120972
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 21:22:23 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)