3509 Lavaque RdHermantownMN55810
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3509 Lavaque Rd, Hermantown, MN, 55810 in Hermantown. Rental yield 5.03%. At $515,000 with 5.03% gross yield, current distributions are modest, but the 5% appreciation rate projects $142,285 in new equity by year five, complemented by $4,743/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.93) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $127,461.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 6.0% |
| Monthly Cash Flow | $(1,056) | $850 |
City averages based on Hermantown market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $3,011 |
| DSCR Ratio | 0.72x |
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 1954
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55810, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,952 (100%) |
| Owner Occupied HU | 3,299 (83.5%) |
| Renter Occupied HU | 471 (11.9%) |
| Vacant Housing Units | 182 ( 4.6%) |
| Median Home Value | $323,129 |
| Average Home Value | $333,484 |
Housing Distribution
Address Breakdown
Residential
3,790
Single Family
3,551
Multi-Family
239
Businesses
190
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 1954
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55810, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,952 (100%) |
| Owner Occupied HU | 3,299 (83.5%) |
| Renter Occupied HU | 471 (11.9%) |
| Vacant Housing Units | 182 ( 4.6%) |
| Median Home Value | $323,129 |
| Average Home Value | $333,484 |
Housing Distribution
Address Breakdown
Residential
3,790
Single Family
3,551
Multi-Family
239
Businesses
190
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Lake Superior Area Realtors as distributed by MLS GRID
Mls ID: #6124730