7017 Three Lakes RdCanyonMN55717
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 Canyon at 7017 Three Lakes Rd, Canyon, MN, 55717 with 5% annual appreciation on a $263,000 basis while $1,753/mo rent supports operations. Total monthly income totals $1,753/mo and a $1,287/mo payment preserves $111/mo for cash returns. Annual cash flow comes to $1,331/yr on $87,185 deployed, and return on cash invested reaches 21.44% in year one. Equity gained on principal adds $1,697/yr, and five-year appreciation sums $72,662 alongside rental yield of 8%. Five-year ROI measures 111.1% and total cumulative return in cash totals $96,863.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,753/mo property income versus a $1,287/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
3.56 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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Nearby investment properties with comparable prices
Listed by: Janice Johnson • eXp Realty, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117813
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.