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Greater Minnesota › Biwabik

Biwabik

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
2
Median price per unit
$25K
Typical cash flow
$742
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 110 3rd Ave N serious flag $1,007/mo
  2. 6266 Giants Ridge Rd serious flag $476/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 6266 Giants Ridge Rd serious flag 43.59× stocks
  2. 110 3rd Ave N serious flag 7.84× stocks

Value-add

Under-rented, needs work, or room to negotiate.

Nothing flagged as value-add.

Proceed with caution

Decent numbers, serious flags.

  1. 110 3rd Ave N Owner pays all utilities and heat, which can eat a big share of rent in a cold climate

All listings

2 listings. Filter by price or units, or switch the down payment.

  1. 110 3rd Ave N

    $160,000 · 4 units
    Cash flows
    Cash flow $1,007/mo Cap 13.9% Break-even price $349K Yr 30 vs stocks 7.84× Positive in yr 1

    Cheap four-plex that looks great on paper, but owner-paid utilities, two vacancies and unverified taxes mean you must see real bills before trusting the cash flow.

    Owner pays all utilities and heat, which can eat a big share of rent in a cold climate

  2. 6266 Giants Ridge Rd

    $10,000 · 1 units
    Cash flows
    Cash flow $476/mo Cap 63.5% Break-even price $100K Yr 30 vs stocks 43.59× Positive in yr 1

    This is a one-week resort interval, not a rental building, so the cash-flow numbers don't apply and the recurring dues are the real question.

    Priced under $100K: usually means major repairs, a fire or condemned building, a contract-for-deed or partial-interest sale, or a listing error. Find out why before anything else.

Monthly cash flow

−$500$0$500$1,000$1,500break-even110 3rd Ave N$1,0076266 Giants Ridge Rd$476

What's changing

Nothing curated for this city yet.