319 12th StCloquetMN55720
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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 Cloquet at 319 12th St, Cloquet, MN, 55720 uses $69,615 cash to close to unlock $7,309/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $1,967/mo, and a $1,028/mo payment keeps the spread at $609/mo. Purchase price stands at $210,000, and rental yield measures 11.24% with $1,967/mo rent. Return on cash invested shows 30.41% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 159.57% and total cumulative return in cash records $111,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,967/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55720, Cloquet, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,398 (100%) |
| Owner Occupied HU | 5,008 (67.7%) |
| Renter Occupied HU | 1,902 (25.7%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $240,643 |
| Average Home Value | $286,656 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
6,349
Multi-Family
865
Businesses
472
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