4042 Haines RdDuluthMN55811
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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
Investment property for sale in Duluth at 4042 Haines Rd, Duluth, MN, 55811 listed at $299,500 pairs $2,663/mo rent with a $1,466/mo payment to leave $227/mo cash flow. Total monthly income runs $2,663/mo, and annual cash flow reaches $2,720/yr on $99,284 cash to close. Return on cash invested measures 22.65% in year one, and rental yield registers 10.67% at a $299,500 basis. Equity gained on principal adds $1,933/yr, and annual property appreciation at 5% supports $82,746 by year five. Five-year ROI tracks 120.1% and total cumulative return in cash totals $119,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,663/mo property income relative to a $1,466/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$566 monthly 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: Dave Lilja • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116504
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.