38 Locust DrBabbittMN55706
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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 Babbitt at 38 Locust Dr, Babbitt, MN, 55706 listed at $124,500 pairs $995/mo rent with a $609/mo payment to leave $218/mo cash flow. Total monthly income runs $995/mo, and annual cash flow reaches $2,615/yr on $41,272 cash to close. Return on cash invested measures 26.25% in year one, and rental yield registers 9.59% at a $124,500 basis. Equity gained on principal adds $803/yr, and annual property appreciation at 5% supports $34,397 by year five. Five-year ROI tracks 136.9% and total cumulative return in cash totals $56,500. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $995/mo property income relative to a $609/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55706, Babbitt, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,215 (100%) |
| Owner Occupied HU | 715 (58.8%) |
| Renter Occupied HU | 133 (10.9%) |
| Vacant Housing Units | 367 (30.2%) |
| Median Home Value | $114,063 |
| Average Home Value | $209,073 |
Housing Distribution
Address Breakdown
Residential
932
Single Family
885
Multi-Family
47
Businesses
59
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