6964 N McArthur RdCanyonMN55717
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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 Canyon at 6964 N McArthur Rd, Canyon, MN, 55717 offers a 0% rental yield on a $275,000 purchase with $0/mo rent. 7% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
130 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55717, Canyon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 323 (100%) |
| Owner Occupied HU | 110 (34.1%) |
| Renter Occupied HU | 8 ( 2.5%) |
| Vacant Housing Units | 205 (63.5%) |
| Median Home Value | $357,692 |
| Average Home Value | $418,841 |
Housing Distribution
Address Breakdown
Residential
185
Single Family
185
Multi-Family
0
Businesses
6
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No similar rental properties found nearby.
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Listed by: Mark Sams • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121069
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.