1629 S Lake AveDuluthMN55802
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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
Total monthly income runs $5,105/mo, and a $6,608/mo payment. Purchase price stands at $1,350,000, and rental yield measures 4.54% with $5,105/mo rent. Return on cash invested shows 11.25% in year one, and 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 56.37% and total cumulative return in cash records $246,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,105/mo property income covering a $6,608/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55802, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,563 (100%) |
| Owner Occupied HU | 337 (21.6%) |
| Renter Occupied HU | 1,016 (65.0%) |
| Vacant Housing Units | 210 (13.4%) |
| Median Home Value | $498,026 |
| Average Home Value | $568,138 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
600
Multi-Family
998
Businesses
1,025
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Listed by: Michele Vesel • Century 21 Atwood
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6113984
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.