325 S Lake Ave SUITE 604DuluthMN55802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 325 S Lake Ave SUITE 604, Duluth, MN, 55802 listed at $949,900 pairs $3,757/mo rent with a $4,649/mo payment. Total monthly income runs $3,757/mo. Return on cash invested measures 10.06% in year one, and rental yield registers 4.75% at a $949,900 basis. Equity gained on principal adds $6,130/yr, and annual property appreciation at 5% supports $262,440 by year five. Five-year ROI tracks 50.66% and total cumulative return in cash totals $158,322. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,757/mo property income relative to a $4,649/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
2,178 sqft lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55802, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,563 (100%) |
| Owner Occupied HU | 337 (21.6%) |
| Renter Occupied HU | 1,016 (65.0%) |
| Vacant Housing Units | 210 (13.4%) |
| Median Home Value | $498,026 |
| Average Home Value | $568,138 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
600
Multi-Family
998
Businesses
1,025
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Uttley • Lakes Sotheby's International
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118469
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.