334 Lake AveCloquetMN55720
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 Cloquet at 334 Lake Ave, Cloquet, MN, 55720 uses $66,300 cash to close to unlock $4,896/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,657/mo, and a $979/mo payment keeps the spread at $408/mo. Purchase price stands at $200,000, and rental yield measures 9.94% with $1,657/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 142.49% and total cumulative return in cash records $94,472. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,657/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katy Chartier • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120488
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.