374 Nelson RdCloquetMN55720
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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
Rental property for sale in Cloquet at 374 Nelson Rd, Cloquet, MN, 55720 priced at $490,000 converts $2,311/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,311/mo. Return on cash invested prints 14.38% in year one, and rental yield reads 5.66% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 73.27% and total cumulative return in cash sums $119,016. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,311/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2005
10.85 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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