2219 W 24th StDuluthMN55811
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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 2219 W 24th St, Duluth, MN, 55811 listed at $244,900 pairs $1,920/mo rent with a $1,199/mo payment to leave $390/mo cash flow. Total monthly income runs $1,920/mo, and annual cash flow reaches $4,685/yr on $81,184 cash to close. Return on cash invested measures 25.68% in year one, and rental yield registers 9.41% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 133.89% and total cumulative return in cash totals $108,701. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
0.32 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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