3917 S Lake AveDuluthMN55802
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 Duluth at 3917 S Lake Ave, Duluth, MN, 55802 priced at $1,150,000 converts $5,281/mo rent into after a $5,629/mo obligation. Total monthly income equals $5,281/mo. Return on cash invested prints 14.25% in year one, and rental yield reads 5.51% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 72.47% and total cumulative return in cash sums $270,021. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,281/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.34 Acres 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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Nearby investment properties with comparable prices
Listed by: Tracy Uttley • Lakes Sotheby's International
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118301
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.