228 102nd Ave WDuluthMN55808
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 228 102nd Ave W, Duluth, MN, 55808 uses $61,991 cash to close to unlock $391/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $915/mo payment keeps the spread at $33/mo. Purchase price stands at $187,000, and rental yield measures 7.7% with $1,200/mo rent. Return on cash invested shows 20.54% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 106.3% and total cumulative return in cash records $65,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1893
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55808, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,746 (100%) |
| Owner Occupied HU | 1,756 (63.9%) |
| Renter Occupied HU | 799 (29.1%) |
| Vacant Housing Units | 191 ( 7.0%) |
| Median Home Value | $180,469 |
| Average Home Value | $206,226 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,426
Multi-Family
240
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rod Graf • Edmunds Company, LLP
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118602
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.