2722 Northridge DrDuluthMN55811
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 2722 Northridge Dr, Duluth, MN, 55811 uses $254,975 cash to close to unlock $3,384/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $5,140/mo, and a $3,793/mo payment keeps the spread at $282/mo. Purchase price stands at $775,000, and rental yield measures 7.96% with $5,140/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash records $282,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,140/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Single Family
Built in 2005
1.20 Acres lot
$N/A/sqft
$225 annually 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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Listed by: Mark Sams • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116288
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.