2402 Piedmont AveDuluthMN55811
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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 2402 Piedmont Ave, Duluth, MN, 55811 earns $123/mo cash flow from $1,871/mo rent with a $1,370/mo payment. Total monthly income totals $1,871/mo, and annual cash flow totals $1,478/yr on $92,787 capital. ROI tracks 21.5% on current figures, and rental yield reads 8.02% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 111.48% and total cumulative return in cash sums $103,441. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,871/mo property income instead of your personal income.
Single Family
Built in 1949
871.20 sqft 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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