244 E Anoka StDuluthMN55803
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 244 E Anoka St, Duluth, MN, 55803 at $459,900 posts ROI 24.43% with $575/mo cash flow from $3,551/mo rent. Total monthly income equals $3,551/mo, and annual cash flow records $6,899/yr on $152,457 to close. Return on cash invested measures 24.43% and rental yield reads 9.27% at the current $459,900. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 by year five. Five-year ROI prints 127.47% and total cumulative return in cash totals $194,334.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,551/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Fairchild • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6114844
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.