3618 Minnesota AveDuluthMN55802
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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
Total monthly income runs $1,500/mo, and a $2,839/mo payment. Purchase price stands at $580,000, and rental yield measures 3.1% with $1,500/mo rent. Return on cash invested shows 6.72% in year one, and 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 32.12% and total cumulative return in cash records $61,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $2,839/mo payment rather than investor’s personal income.
Single Family
Built in 1921
8,276 sqft 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
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