54 Banks BlvdSilver BayMN55614
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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 Silver Bay at 54 Banks Blvd, Silver Bay, MN, 55614 listed at $151,600 pairs $1,975/mo rent with a $742/mo payment to leave $1,028/mo cash flow. Total monthly income runs $1,975/mo, and annual cash flow reaches $12,340/yr on $50,255 cash to close. Return on cash invested measures 44.46% in year one, and rental yield registers 15.63% at a $151,600 basis. Equity gained on principal adds $978/yr, and annual property appreciation at 5% supports $41,884 by year five. Five-year ROI tracks 234.66% and total cumulative return in cash totals $117,928. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,975/mo property income relative to a $742/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55614, Silver Bay, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,471 (100%) |
| Owner Occupied HU | 965 (65.6%) |
| Renter Occupied HU | 168 (11.4%) |
| Vacant Housing Units | 338 (23.0%) |
| Median Home Value | $216,209 |
| Average Home Value | $325,624 |
Housing Distribution
Address Breakdown
Residential
1,222
Single Family
1,179
Multi-Family
43
Businesses
74
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Listed by: N/A • N/A
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