38947 Highway 65NashwaukMN55769
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
Investment Highlights
Investment property for sale in Nashwauk at 38947 Highway 65, Nashwauk, MN, 55769 offers a 4.71% rental yield on a $259,900 purchase with $1,020/mo rent. 51% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 57.94% and total cumulative return in cash at $49,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55769, Nashwauk, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 870 (59.0%) |
| Renter Occupied HU | 191 (12.9%) |
| Vacant Housing Units | 414 (28.1%) |
| Median Home Value | $207,692 |
| Average Home Value | $273,595 |
Housing Distribution
Address Breakdown
Residential
1,095
Single Family
1,053
Multi-Family
42
Businesses
70
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Nearby investment properties with comparable prices
Listed by: Cheryl Walters • Village Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120717
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.