116 N 64th Ave WDuluthMN55807
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 116 N 64th Ave W, Duluth, MN, 55807 generates $1,789/mo in rent and, after a $1,023/mo payment, leaves $462/mo in cash flow. Total monthly income is $1,789/mo, and annual cash flow is $5,543/yr on $69,284 invested. Return on cash invested sits at 27.91% in year one, and rental yield is 10.27% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 145.94% and total cumulative return in cash sums $101,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,789/mo property income rather than buyer’s personal income.
Single Family
Built in 1894
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55807, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 2,737 (60.5%) |
| Renter Occupied HU | 1,518 (33.6%) |
| Vacant Housing Units | 268 ( 5.9%) |
| Median Home Value | $186,574 |
| Average Home Value | $250,443 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,025
Multi-Family
484
Businesses
362
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Nearby investment properties with comparable prices
Listed by: Steve Braman • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118121
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.