3324 Minnesota AveDuluthMN55802
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3324 Minnesota Ave, Duluth, MN, 55802 in Duluth. Rental yield 2.03%. At $849,900 with 2.03% gross yield, current distributions are modest, but the 5% appreciation rate projects $234,812 in new equity by year five, complemented by $7,828/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.38) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $73,609.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2% | 5.6% |
| Monthly Cash Flow | $(3,867) | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $4,969 |
| DSCR Ratio | 0.29x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1907
0.29 Acres lot
$N/A/sqft
No 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
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
Single Family
Built in 1907
0.29 Acres lot
$N/A/sqft
No 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: Deanna Bennett • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120475
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.