116 W Arrowhead RdDuluthMN55803
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 W Arrowhead Rd, Duluth, MN, 55803 generates $1,552/mo in rent and, after a $1,125/mo payment, leaves $117/mo in cash flow. Total monthly income is $1,552/mo, and annual cash flow is $1,400/yr on $76,212 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 8.1% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash sums $85,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,552/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55803, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,457 (100%) |
| Owner Occupied HU | 5,987 (70.8%) |
| Renter Occupied HU | 1,401 (16.6%) |
| Vacant Housing Units | 1,069 (12.6%) |
| Median Home Value | $371,529 |
| Average Home Value | $418,064 |
Housing Distribution
Address Breakdown
Residential
8,049
Single Family
7,214
Multi-Family
835
Businesses
380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Rappana • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118417
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.