2216 Woodland AveDuluthMN55803
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 2216 Woodland Ave, Duluth, MN, 55803 at $329,000 posts ROI 29.54% with $876/mo cash flow from $2,960/mo rent. Total monthly income equals $2,960/mo, and annual cash flow records $10,508/yr on $109,064 to close. Return on cash invested measures 29.54% and rental yield reads 10.8% at the current $329,000. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 by year five. Five-year ROI prints 154.72% and total cumulative return in cash totals $168,741.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55803, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,457 (100%) |
| Owner Occupied HU | 5,987 (70.8%) |
| Renter Occupied HU | 1,401 (16.6%) |
| Vacant Housing Units | 1,069 (12.6%) |
| Median Home Value | $371,529 |
| Average Home Value | $418,064 |
Housing Distribution
Address Breakdown
Residential
8,049
Single Family
7,214
Multi-Family
835
Businesses
380
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Nearby investment properties with comparable prices
Listed by: Tony Vatalaro • Evergreen Real Estate, Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116065
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.