1513 Concord AveCloquetMN55720
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 1513 Concord Ave, Cloquet, MN, 55720 at $319,900 posts ROI 21.74% with $162/mo cash flow from $2,160/mo rent. Total monthly income equals $2,160/mo, and annual cash flow records $1,946/yr on $106,047 to close. Return on cash invested measures 21.74% and rental yield reads 8.1% at the current $319,900. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 by year five. Five-year ROI prints 112.8% and total cumulative return in cash totals $119,624.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,160/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
7,840 sqft 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: Melissa Juntunen • RE/MAX Cloquet
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118639
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.