1301 Eklund AveDuluthMN55811
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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 1301 Eklund Ave, Duluth, MN, 55811 uses $81,218 cash to close to unlock $2,667/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,752/mo, and a $1,199/mo payment keeps the spread at $222/mo. Purchase price stands at $245,000, and rental yield measures 8.58% with $1,752/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 120.55% and total cumulative return in cash records $97,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1934
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55811, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,344 (100%) |
| Owner Occupied HU | 7,647 (61.9%) |
| Renter Occupied HU | 3,951 (32.0%) |
| Vacant Housing Units | 746 ( 6.0%) |
| Median Home Value | $355,063 |
| Average Home Value | $393,087 |
Housing Distribution
Address Breakdown
Residential
11,971
Single Family
9,450
Multi-Family
2,521
Businesses
997
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