406 2nd St NBayportMN55003
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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
Rental property for sale in Bayport at 406 2nd St N, Bayport, MN, 55003 generates $2,578/mo in rent and, after a $1,957/mo payment, leaves $81/mo in cash flow. Total monthly income is $2,578/mo, and annual cash flow is $974/yr on $132,567 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 7.74% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 106.87% and total cumulative return in cash sums $141,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,578/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
10,062 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55003, Bayport, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 852 (69.9%) |
| Renter Occupied HU | 316 (25.9%) |
| Vacant Housing Units | 51 ( 4.2%) |
| Median Home Value | $468,692 |
| Average Home Value | $523,187 |
Housing Distribution
Address Breakdown
Residential
1,099
Single Family
965
Multi-Family
134
Businesses
87
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