319 N 22nd 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 319 N 22nd Ave W, Duluth, MN, 55806 uses $59,504 cash to close to unlock $11,012/yr annual cash flow and $918/mo monthly cash flow. Total monthly income runs $2,039/mo, and a $879/mo payment keeps the spread at $918/mo. Purchase price stands at $179,500, and rental yield measures 13.63% with $2,039/mo rent. Return on cash invested shows 38.42% in year one, and 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 202.18% and total cumulative return in cash records $120,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,039/mo property income covering a $879/mo payment rather than investor’s personal income.
Single Family
Built in 1910
2,000 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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Nearby investment properties with comparable prices
Listed by: Paul Kuchar • Michael Hoffman Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115313
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.