220 N 12th Ave EDuluthMN55805
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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
Investment property for sale in Duluth at 220 N 12th Ave E, Duluth, MN, 55805 uses $66,267 cash to close to unlock $2,696/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,576/mo, and a $978/mo payment keeps the spread at $225/mo. Purchase price stands at $199,900, and rental yield measures 9.46% with $1,576/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 125.4% and total cumulative return in cash records $83,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,576/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1891
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55805, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,462 (100%) |
| Owner Occupied HU | 1,391 (25.5%) |
| Renter Occupied HU | 3,554 (65.1%) |
| Vacant Housing Units | 517 ( 9.5%) |
| Median Home Value | $226,692 |
| Average Home Value | $312,390 |
Housing Distribution
Address Breakdown
Residential
4,976
Single Family
3,439
Multi-Family
1,537
Businesses
178
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Listed by: Tracy Ramsay • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119541
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.