350 Freeman RdCloquetMN55720
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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 350 Freeman Rd, Cloquet, MN, 55720 offers a 11.18% rental yield on a $363,000 purchase with $3,382/mo rent. Total monthly income registers $3,382/mo, and a $1,777/mo payment leaves $1,094/mo available for distribution. Annual cash flow reaches $13,133/yr on $120,335 to close, and return on cash invested stands at 30.82% in year one. Equity gained on principal adds $2,342/yr while 5% annual appreciation supports $100,290 over five years. Portfolio math shows five-year ROI at 161.53% and total cumulative return in cash at $194,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,382/mo property income against a $1,777/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
7 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
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Nearby investment properties with comparable prices
Listed by: Nikki P Crotteau • Welcome Home Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119084
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.