29 Kalmia DrDuluthMN55810
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
Rental property for sale in Duluth at 29 Kalmia Dr, Duluth, MN, 55810 priced at $175,000 converts $1,603/mo rent into $510/mo cash flow after a $857/mo obligation. Total monthly income equals $1,603/mo, and annual cash flow totals $6,117/yr on $58,013 invested. Return on cash invested prints 30.45% in year one, and rental yield reads 10.99% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 159.45% and total cumulative return in cash sums $92,503. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,603/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 2002
N/A 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
Listed by: Jamie Sathers-Day • JS Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117891
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.