5569 Rush Lake CtBaxterMN56425
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 Baxter at 5569 Rush Lake Ct, Baxter, MN, 56425 offers $2,166/mo rent that, after a $1,537/mo payment. Total monthly income is $2,166/mo. Return on cash invested measures 19.68% in year one, and rental yield stands at 8.28% at a $314,000 entry. Equity gained on principal adds $2,026/yr while 5% annual appreciation compounds into $86,752 by year five. Five-year ROI records 102.66% and total cumulative return in cash reaches $106,863. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,166/mo property income versus a $1,537/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2005
3,484 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56425, Baxter, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 2,479 (61.3%) |
| Renter Occupied HU | 1,221 (30.2%) |
| Vacant Housing Units | 345 ( 8.5%) |
| Median Home Value | $349,885 |
| Average Home Value | $374,017 |
Housing Distribution
Address Breakdown
Residential
3,818
Single Family
3,023
Multi-Family
795
Businesses
370
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Nearby investment properties with comparable prices
Listed by: Michael Swanson • NextHome Horizons
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6578763
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