2616 W 5th StDuluthMN55806
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 2616 W 5th St, Duluth, MN, 55806 in Duluth at $279,000. Rental yield 6.23%. The 6.23% yield and 1.09 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $77,083 by year five, and $2,339/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $81,692.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 5.6% |
| Monthly Cash Flow | $(294) | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,448 |
| Total Monthly Debt Service | $1,699 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1899
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55806, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,097 (100%) |
| Owner Occupied HU | 1,820 (35.7%) |
| Renter Occupied HU | 2,756 (54.1%) |
| Vacant Housing Units | 521 (10.2%) |
| Median Home Value | $223,109 |
| Average Home Value | $300,330 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
3,453
Multi-Family
1,108
Businesses
260
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aiden Bachand • Bachand Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6114181
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.
