3175 Clyde RdEvelethMN55734
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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 Eveleth at 3175 Clyde Rd, Eveleth, MN, 55734 uses $56,322 cash to close to unlock $668/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,117/mo, and a $832/mo payment keeps the spread at $56/mo. Purchase price stands at $169,900, and rental yield measures 7.89% with $1,117/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 109.3% and total cumulative return in cash records $61,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,117/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1935
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55734, Eveleth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,304 (100%) |
| Owner Occupied HU | 2,114 (64.0%) |
| Renter Occupied HU | 628 (19.0%) |
| Vacant Housing Units | 562 (17.0%) |
| Median Home Value | $261,885 |
| Average Home Value | $293,444 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,630
Multi-Family
276
Businesses
146
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Listed by: Brenna Fahlin • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120624
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.