400 5th Ave NBiwabikMN55708
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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 Biwabik at 400 5th Ave N, Biwabik, MN, 55708 uses $62,952 cash to close to unlock $6,440/yr annual cash flow and $537/mo monthly cash flow. Total monthly income runs $1,722/mo, and a $929/mo payment keeps the spread at $537/mo. Purchase price stands at $189,900, and rental yield measures 10.88% with $1,722/mo rent. Return on cash invested shows 30.14% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 157.79% and total cumulative return in cash records $99,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,722/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55708, Biwabik, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 355 (73.3%) |
| Renter Occupied HU | 73 (15.1%) |
| Vacant Housing Units | 56 (11.6%) |
| Median Home Value | $99,667 |
| Average Home Value | $117,282 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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