9688 Highway 37IronMN55751
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 9688 Highway 37, Iron, MN, 55751 in Iron. At $139,900 it earns $1,103/mo in rent and distributes $229/mo to the owner after the $629/mo payment, a consistent 9.46% yield. DSCR 1.75 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $38,652 in value; $1,288/yr in principal paydown compounds ownership stake. Total projected return: $67,912.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $229 | $350 |
City averages based on Iron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,103 |
| Total Monthly Debt Service | $818 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1957
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55751, Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 558 (82.4%) |
| Renter Occupied HU | 40 ( 5.9%) |
| Vacant Housing Units | 79 (11.7%) |
| Median Home Value | $246,809 |
| Average Home Value | $271,313 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
19
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
Single Family
Built in 1957
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55751, Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 558 (82.4%) |
| Renter Occupied HU | 40 ( 5.9%) |
| Vacant Housing Units | 79 (11.7%) |
| Median Home Value | $246,809 |
| Average Home Value | $271,313 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices