7084 Glory Rd #213BaxterMN56425
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 7084 Glory Rd #213, Baxter, MN, 56425 in Baxter achieves 2.04, rent of $2,689/mo covers the $1,320/mo payment 1.5x over at $293,500. Rental yield 11%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $81,089 over five years, with $2,703/yr in principal reduction bringing total projected return to $74,058.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.0% |
| Monthly Cash Flow | $(684) | $550 |
City averages based on Baxter market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,689 |
| Total Monthly Debt Service | $3,256 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
N/A lot
$N/A/sqft
$1,540 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
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
Condo
Built in 2023
N/A lot
$N/A/sqft
$1,540 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Kennelly • G&H Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6633319
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