1026 E 3rd StDuluthMN55805
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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 Duluth at 1026 E 3rd St, Duluth, MN, 55805 uses $84,499 cash to close to unlock $1,199/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,692/mo, and a $1,248/mo payment keeps the spread at $100/mo. Purchase price stands at $254,900, and rental yield measures 7.97% with $1,692/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 110.53% and total cumulative return in cash records $93,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,692/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1886
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55805, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,462 (100%) |
| Owner Occupied HU | 1,391 (25.5%) |
| Renter Occupied HU | 3,554 (65.1%) |
| Vacant Housing Units | 517 ( 9.5%) |
| Median Home Value | $226,692 |
| Average Home Value | $312,390 |
Housing Distribution
Address Breakdown
Residential
4,976
Single Family
3,439
Multi-Family
1,537
Businesses
178
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