1802 Rice Lake RdDuluthMN55811
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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
Rental property for sale in Duluth at 1802 Rice Lake Rd, Duluth, MN, 55811 generates $3,840/mo in rent and, after a $2,983/mo payment, leaves $34/mo in cash flow. Total monthly income is $3,840/mo, and annual cash flow is $410/yr on $200,526 invested. Return on cash invested sits at 20.26% in year one, and rental yield is 7.56% on a $609,500 entry. Equity gained on principal adds $3,933/yr, while 5% annual appreciation builds toward $168,394 over five years. Five-year ROI reaches 104.8% and total cumulative return in cash sums $210,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,840/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
0.40 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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