2781 Midway RdDuluthMN55810
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 2781 Midway Rd, Duluth, MN, 55810 uses $112,379 cash to close to unlock $520/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,659/mo payment keeps the spread at $43/mo. Purchase price stands at $339,000, and rental yield measures 7.65% with $2,160/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash records $118,480. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1907
17.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55810, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,952 (100%) |
| Owner Occupied HU | 3,299 (83.5%) |
| Renter Occupied HU | 471 (11.9%) |
| Vacant Housing Units | 182 ( 4.6%) |
| Median Home Value | $323,129 |
| Average Home Value | $333,484 |
Housing Distribution
Address Breakdown
Residential
3,790
Single Family
3,551
Multi-Family
239
Businesses
190
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices