6373 Wynne Creek Dr UNIT 112BiwabikMN55708
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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
Total monthly income runs $894/mo, and a $563/mo payment. Purchase price stands at $115,000, and rental yield measures 9.33% with $894/mo rent. Return on cash invested shows 8.85% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 49.66% and total cumulative return in cash records $18,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $894/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$527 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55708, Biwabik, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 484 (100%) |
| Owner Occupied HU | 355 (73.3%) |
| Renter Occupied HU | 73 (15.1%) |
| Vacant Housing Units | 56 (11.6%) |
| Median Home Value | $99,667 |
| Average Home Value | $117,282 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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Listed by: Julia Maki • B.I.C. Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118774
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.