114 Lemon StDuluthMN55811
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
Rental property for sale in Duluth at 114 Lemon St, Duluth, MN, 55811 priced at $157,900 pairs $1,920/mo rent with $934/mo cash flow after a $773/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $11,206/yr on $52,344 invested. Return on cash invested is 41.32% in year one, and rental yield stands at 14.59% on a $157,900 basis. Equity gained on principal adds $1,019/yr, and 5% annual appreciation accumulates to $43,625 by year five. Five-year ROI measures 217.73% and total cumulative return in cash reaches $113,966. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $773/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1896
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55811, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,344 (100%) |
| Owner Occupied HU | 7,647 (61.9%) |
| Renter Occupied HU | 3,951 (32.0%) |
| Vacant Housing Units | 746 ( 6.0%) |
| Median Home Value | $355,063 |
| Average Home Value | $393,087 |
Housing Distribution
Address Breakdown
Residential
11,971
Single Family
9,450
Multi-Family
2,521
Businesses
997
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Nearby investment properties with comparable prices
Listed by: Ayla Dougherty • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115926
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.