2231 Kelly AveCloquetMN55720
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
Rental property for sale in Cloquet at 2231 Kelly Ave, Cloquet, MN, 55720 priced at $279,900 converts $2,160/mo rent into $349/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $4,184/yr on $92,787 invested. Return on cash invested prints 24.42% in year one, and rental yield reads 9.26% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 127.42% and total cumulative return in cash sums $118,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55720, Cloquet, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,398 (100%) |
| Owner Occupied HU | 5,008 (67.7%) |
| Renter Occupied HU | 1,902 (25.7%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $240,643 |
| Average Home Value | $286,656 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
6,349
Multi-Family
865
Businesses
472
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Nearby investment properties with comparable prices
Listed by: Julie Sathers • JS Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118524
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.