1901 Gearhart StDuluthMN55811
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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
Rental property for sale in Duluth at 1901 Gearhart St, Duluth, MN, 55811 priced at $374,900 pairs $2,596/mo rent with $255/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,596/mo, and annual cash flow comes to $3,059/yr on $124,279 invested. Return on cash invested is 22.37% in year one, and rental yield stands at 8.31% on a $374,900 basis. Equity gained on principal adds $2,419/yr, and 5% annual appreciation accumulates to $103,578 by year five. Five-year ROI measures 116.11% and total cumulative return in cash reaches $144,295. For financing, Ziffy Mortgage’s DSCR program evaluates $2,596/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.25 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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Listed by: Katie Carter • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118230
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.