3617 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 3617 Old Highway 61, Barnum, MN, 55707 generates $2,683/mo in rent and, after a $1,235/mo payment, leaves $1,059/mo in cash flow. Total monthly income is $2,683/mo, and annual cash flow is $12,708/yr on $83,637 invested. Return on cash invested sits at 35.1% in year one, and rental yield is 12.76% on a $252,300 entry. Equity gained on principal adds $1,628/yr, while 5% annual appreciation builds toward $69,706 over five years. Five-year ROI reaches 184.71% and total cumulative return in cash sums $154,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,683/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
2.04 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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