2024 Water St APT 6DuluthMN55812
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 Duluth at 2024 Water St APT 6, Duluth, MN, 55812 offers a 3.11% rental yield on a $925,000 purchase with $2,400/mo rent. 05% in year one. Equity gained on principal adds $5,969/yr while 5% annual appreciation supports $255,560 over five years. Portfolio math shows five-year ROI at 23.84% and total cumulative return in cash at $72,553. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $4,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55812, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,847 (100%) |
| Owner Occupied HU | 1,525 (39.6%) |
| Renter Occupied HU | 2,024 (52.6%) |
| Vacant Housing Units | 298 ( 7.7%) |
| Median Home Value | $382,580 |
| Average Home Value | $441,516 |
Housing Distribution
Address Breakdown
Residential
3,696
Single Family
2,908
Multi-Family
788
Businesses
151
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Nearby investment properties with comparable prices
Listed by: Brenna Fahlin • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118556
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.