3701 E 3rd StDuluthMN55804
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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 Duluth at 3701 E 3rd St, Duluth, MN, 55804 offers a 8.07% rental yield on a $350,000 purchase with $2,354/mo rent. Total monthly income registers $2,354/mo, and a $1,713/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,022/yr on $116,025 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 112.27% and total cumulative return in cash at $130,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,354/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Tony Vatalaro • Evergreen Real Estate, Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121505
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.