708 2nd St NWBaudetteMN56623
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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 Baudette at 708 2nd St NW, Baudette, MN, 56623 uses $65,969 cash to close to unlock $7,348/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $1,855/mo, and a $974/mo payment keeps the spread at $612/mo. Purchase price stands at $199,000, and rental yield measures 11.19% with $1,855/mo rent. Return on cash invested shows 31.05% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 162.7% and total cumulative return in cash records $107,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,855/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56623, Baudette, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,054 (47.9%) |
| Renter Occupied HU | 254 (11.5%) |
| Vacant Housing Units | 892 (40.5%) |
| Median Home Value | $248,343 |
| Average Home Value | $259,893 |
Housing Distribution
Address Breakdown
Residential
1,226
Single Family
1,132
Multi-Family
94
Businesses
169
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