540 2nd Ave SBayportMN55003
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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 Bayport at 540 2nd Ave S, Bayport, MN, 55003 offers a 6.66% rental yield on a $280,000 purchase with $1,554/mo rent. 4% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 89.45% and total cumulative return in cash at $83,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,554/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
7,797 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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