7084 Glory Rd #309BaxterMN56425
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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 Baxter at 7084 Glory Rd #309, Baxter, MN, 56425 uses $51,051 cash to close to unlock $3,121/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,222/mo, and a $754/mo payment keeps the spread at $260/mo. Purchase price stands at $154,000, and rental yield measures 9.52% with $1,222/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 135.8% and total cumulative return in cash records $69,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,222/mo property income covering a $754/mo payment rather than investor’s personal income.
Condo
Built in 2022
5.33 Acres lot
$N/A/sqft
No 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
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