1224 S Ridge RdDuluthMN55804
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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 Duluth at 1224 S Ridge Rd, Duluth, MN, 55804 earns from $5,575/mo rent with a $5,776/mo payment. Total monthly income totals $5,575/mo. ROI tracks 13.97% on current figures, and rental yield reads 5.67% at a $1,180,000 purchase. Equity gained on principal adds $7,614/yr, and 5% annual appreciation supports $326,012 over five years. Five-year ROI reaches 71.27% and total cumulative return in cash sums $272,492. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,575/mo property income instead of your personal income.
Single Family
Built in 1996
0.56 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Tracy Ramsay • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119365
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 22:32:26 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)