3690 Birch Hill RdSilver BayMN55614
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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
Investment property for sale in Silver Bay at 3690 Birch Hill Rd, Silver Bay, MN, 55614 uses $86,190 cash to close to unlock $108/yr annual cash flow and $9/mo monthly cash flow. Total monthly income runs $1,633/mo, and a $1,273/mo payment keeps the spread at $9/mo. Purchase price stands at $260,000, and rental yield measures 7.54% with $1,633/mo rent. Return on cash invested shows 20.03% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 103.58% and total cumulative return in cash records $89,273. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 2012
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55614, Silver Bay, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,471 (100%) |
| Owner Occupied HU | 965 (65.6%) |
| Renter Occupied HU | 168 (11.4%) |
| Vacant Housing Units | 338 (23.0%) |
| Median Home Value | $216,209 |
| Average Home Value | $325,624 |
Housing Distribution
Address Breakdown
Residential
1,222
Single Family
1,179
Multi-Family
43
Businesses
74
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Nearby investment properties with comparable prices
Listed by: Sue Bott • RE/MAX Professionals - Two Harbors
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117346
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.