3637 Spencer RdBarnumMN55707
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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 3637 Spencer Rd, Barnum, MN, 55707 earns $221/mo cash flow from $2,269/mo rent with a $1,605/mo payment. Total monthly income totals $2,269/mo, and annual cash flow totals $2,654/yr on $108,732 capital. ROI tracks 22.35% on current figures, and rental yield reads 8.3% at a $328,000 purchase. Equity gained on principal adds $2,117/yr, and 5% annual appreciation supports $90,620 over five years. Five-year ROI reaches 116.04% and total cumulative return in cash sums $126,175. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,269/mo property income instead of your personal income.
Single Family
Built in 2002
80 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: Natalie Magnuson • Coldwell Banker Realty - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120616
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.