2521 Otter Creek DrCloquetMN55720
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 Cloquet at 2521 Otter Creek Dr, Cloquet, MN, 55720 listed at $629,900 pairs $2,370/mo rent with a $3,083/mo payment. Total monthly income runs $2,370/mo. Return on cash invested measures 11.01% in year one, and rental yield registers 4.52% at a $629,900 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,030 by year five. Five-year ROI tracks 55.16% and total cumulative return in cash totals $114,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,370/mo property income relative to a $3,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
1.50 Acres 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: Blythe Thill • Coldwell Banker Realty - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116497
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.