318 N 23rd Ave WDuluthMN55806
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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 Duluth at 318 N 23rd Ave W, Duluth, MN, 55806 uses $62,952 cash to close to unlock $4,028/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,521/mo, and a $929/mo payment keeps the spread at $336/mo. Purchase price stands at $189,900, and rental yield measures 9.61% with $1,521/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash records $86,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,521/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1901
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55806, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,097 (100%) |
| Owner Occupied HU | 1,820 (35.7%) |
| Renter Occupied HU | 2,756 (54.1%) |
| Vacant Housing Units | 521 (10.2%) |
| Median Home Value | $223,109 |
| Average Home Value | $300,330 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
3,453
Multi-Family
1,108
Businesses
260
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