61 Adams 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
Rental property for sale in Silver Bay at 61 Adams Blvd, Silver Bay, MN, 55614 priced at $352,000 converts $1,800/mo rent into after a $1,723/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 15.5% in year one, and rental yield reads 6.14% against a $352,000 entry. Equity gained on principal adds $2,271/yr, while 5% annual appreciation compiles into $97,251 by year five. Five-year ROI reaches 79.42% and total cumulative return in cash sums $92,670. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,723/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.44 Acres 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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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: #6118460
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.