2589 Linwood Lake Rd WMakinenMN55763
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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 Makinen at 2589 Linwood Lake Rd W, Makinen, MN, 55763 with 5% annual appreciation on a $634,900 basis while $0/mo rent supports operations. 96% in year one. Equity gained on principal adds $4,097/yr, and five-year appreciation sums $175,411 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $3,108/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
4.16 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55763, Makinen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 265 (36.7%) |
| Renter Occupied HU | 17 ( 2.4%) |
| Vacant Housing Units | 441 (61.0%) |
| Median Home Value | $294,355 |
| Average Home Value | $340,302 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
310
Multi-Family
0
Businesses
3
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Listed by: Casey Knutson Carbert • Edmunds Company, LLP
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118563
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.