3757 Haines RdHermantownMN55811
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
Investment Highlights
Rental property for sale in Hermantown at 3757 Haines Rd, Hermantown, MN, 55811 priced at $215,900 converts $1,956/mo rent into $591/mo cash flow after a $1,057/mo obligation. Total monthly income equals $1,956/mo, and annual cash flow totals $7,096/yr on $71,571 invested. Return on cash invested prints 29.82% in year one, and rental yield reads 10.87% against a $215,900 entry. Equity gained on principal adds $1,393/yr, while 5% annual appreciation compiles into $59,649 by year five. Five-year ROI reaches 156.23% and total cumulative return in cash sums $111,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,956/mo property income covering a $1,057/mo payment, not borrower’s personal income.
Single Family
Built in 1924
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55811, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,344 (100%) |
| Owner Occupied HU | 7,647 (61.9%) |
| Renter Occupied HU | 3,951 (32.0%) |
| Vacant Housing Units | 746 ( 6.0%) |
| Median Home Value | $355,063 |
| Average Home Value | $393,087 |
Housing Distribution
Address Breakdown
Residential
11,971
Single Family
9,450
Multi-Family
2,521
Businesses
997
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Nearby investment properties with comparable prices
Listed by: Tanya Templer • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119146
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.