320 Wildwood Dr #320DuluthMN55811
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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
Total monthly income runs $1,846/mo, and a $2,227/mo payment. Purchase price stands at $455,000, and rental yield measures 4.87% with $1,846/mo rent. Return on cash invested shows 9.6% in year one, and 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 48.52% and total cumulative return in cash records $73,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,846/mo property income covering a $2,227/mo payment rather than investor’s personal income.
Condo
Built in 1973
0.35 Acres lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55811, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,344 (100%) |
| Owner Occupied HU | 7,647 (61.9%) |
| Renter Occupied HU | 3,951 (32.0%) |
| Vacant Housing Units | 746 ( 6.0%) |
| Median Home Value | $355,063 |
| Average Home Value | $393,087 |
Housing Distribution
Address Breakdown
Residential
11,971
Single Family
9,450
Multi-Family
2,521
Businesses
997
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Listed by: Michele Vesel • CENTURY 21 Atwood
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117533
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.