129 W Anoka StDuluthMN55803
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 Duluth at 129 W Anoka St, Duluth, MN, 55803 uses $82,875 cash to close to unlock $3,270/yr annual cash flow and $273/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $1,224/mo payment keeps the spread at $273/mo. Purchase price stands at $250,000, and rental yield measures 8.8% with $1,834/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 124.1% and total cumulative return in cash records $102,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,405 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
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Nearby investment properties with comparable prices
Listed by: Megan Wilson • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117874
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.