2624 E 1st StDuluthMN55812
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 2624 E 1st St, Duluth, MN, 55812 listed at $479,900 pairs $2,980/mo rent with a $2,349/mo payment. Total monthly income runs $2,980/mo. Return on cash invested measures 19.78% in year one, and rental yield registers 7.45% at a $479,900 basis. Equity gained on principal adds $3,097/yr, and annual property appreciation at 5% supports $132,588 by year five. Five-year ROI tracks 102.25% and total cumulative return in cash totals $162,669. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,980/mo property income relative to a $2,349/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55812, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,847 (100%) |
| Owner Occupied HU | 1,525 (39.6%) |
| Renter Occupied HU | 2,024 (52.6%) |
| Vacant Housing Units | 298 ( 7.7%) |
| Median Home Value | $382,580 |
| Average Home Value | $441,516 |
Housing Distribution
Address Breakdown
Residential
3,696
Single Family
2,908
Multi-Family
788
Businesses
151
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Nearby investment properties with comparable prices
Listed by: Amy Spampinato • RE/MAX Professionals - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119727
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.