39 Aspen LnBabbittMN55706
Nearby investment properties with comparable rents
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
Rental property for sale in Babbitt at 39 Aspen Ln, Babbitt, MN, 55706 priced at $209,900 pairs $1,436/mo rent with $126/mo cash flow after a $1,027/mo payment. Total monthly income equals $1,436/mo, and annual cash flow comes to $1,508/yr on $69,582 invested. Return on cash invested is 22.08% in year one, and rental yield stands at 8.21% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 114.54% and total cumulative return in cash reaches $79,700. For financing, Ziffy Mortgage’s DSCR program evaluates $1,436/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices