58 Banks BlvdSilver BayMN55614
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
Investment property for sale in Silver Bay at 58 Banks Blvd, Silver Bay, MN, 55614 at $159,000 posts ROI 26.38% with $284/mo cash flow from $1,277/mo rent. Total monthly income equals $1,277/mo, and annual cash flow records $3,412/yr on $52,709 to close. Return on cash invested measures 26.38% and rental yield reads 9.64% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 137.69% and total cumulative return in cash totals $72,576.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,277/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gigi Maxwell • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121654
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.