5339 Markham RdMakinenMN55763
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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
Rental property for sale in Makinen at 5339 Markham Rd, Makinen, MN, 55763 offers $1,585/mo rent that, after a $4,885/mo payment. Total monthly income is $1,585/mo. Return on cash invested measures 3.08% in year one, and rental yield stands at 1.91% at a $998,000 entry. Equity gained on principal adds $6,440/yr while 5% annual appreciation compounds into $275,729 by year five. Five-year ROI records 12.61% and total cumulative return in cash reaches $41,400. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,585/mo property income versus a $4,885/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
280 Acres lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Lisa Janisch • Janisch Realty Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6109562
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.