3564 Spencer RdBarnumMN55707
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
Investment property for sale in Barnum at 3564 Spencer Rd, Barnum, MN, 55707 at $349,500 posts ROI 26.21% with $608/mo cash flow from $2,791/mo rent. Total monthly income equals $2,791/mo, and annual cash flow records $7,298/yr on $115,859 to close. Return on cash invested measures 26.21% and rental yield reads 9.58% at the current $349,500. Equity gained on principal adds $2,255/yr, and 5% annual appreciation supports $96,560 by year five. Five-year ROI prints 136.73% and total cumulative return in cash totals $158,413.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,791/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
5 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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Nearby investment properties with comparable prices
Listed by: Dave Lilja • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118213
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.