3895 Division St WBackusMN56435
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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 Backus at 3895 Division St W, Backus, MN, 56435 offers a 7.26% rental yield on a $349,900 purchase with $2,117/mo rent. 2% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 99.13% and total cumulative return in cash at $114,978. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,117/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
4.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56435, Backus, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,478 (100%) |
| Owner Occupied HU | 1,084 (43.7%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,241 (50.1%) |
| Median Home Value | $298,551 |
| Average Home Value | $351,882 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
45
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