1191 W Lawrence RdCloquetMN55720
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 Cloquet at 1191 W Lawrence Rd, Cloquet, MN, 55720 uses $101,936 cash to close to unlock $20,254/yr annual cash flow and $1,688/mo monthly cash flow. Total monthly income runs $3,608/mo, and a $1,505/mo payment keeps the spread at $1,688/mo. Purchase price stands at $307,500, and rental yield measures 14.08% with $3,608/mo rent. Return on cash invested shows 39.78% in year one, and 5% annual appreciation builds toward $84,957 over five years. Five-year ROI reaches 209.45% and total cumulative return in cash records $213,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,608/mo property income covering a $1,505/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55720, Cloquet, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,398 (100%) |
| Owner Occupied HU | 5,008 (67.7%) |
| Renter Occupied HU | 1,902 (25.7%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $240,643 |
| Average Home Value | $286,656 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
6,349
Multi-Family
865
Businesses
472
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terri Lyytinen • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119880
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.