401 6th StCloquetMN55720
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
Investment property for sale in Cloquet at 401 6th St, Cloquet, MN, 55720 uses $94,478 cash to close to unlock $16,207/yr annual cash flow and $1,351/mo monthly cash flow. Total monthly income runs $3,265/mo, and a $1,395/mo payment keeps the spread at $1,351/mo. Purchase price stands at $285,000, and rental yield measures 13.75% with $3,265/mo rent. Return on cash invested shows 37.06% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 195.55% and total cumulative return in cash records $184,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,265/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.34 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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Listed by: Andrea Pollard • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6107248
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-18 04:42:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)