415 N 50th Ave WDuluthMN55807
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 Duluth at 415 N 50th Ave W, Duluth, MN, 55807 uses $49,692 cash to close to unlock $13,160/yr annual cash flow and $1,097/mo monthly cash flow. Total monthly income runs $2,033/mo, and a $734/mo payment keeps the spread at $1,097/mo. Purchase price stands at $149,900, and rental yield measures 16.27% with $2,033/mo rent. Return on cash invested shows 46.39% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 244.96% and total cumulative return in cash records $121,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,033/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1896
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55807, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 2,737 (60.5%) |
| Renter Occupied HU | 1,518 (33.6%) |
| Vacant Housing Units | 268 ( 5.9%) |
| Median Home Value | $186,574 |
| Average Home Value | $250,443 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,025
Multi-Family
484
Businesses
362
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Nearby investment properties with comparable prices
Listed by: Michelle Lyons • Port Cities Realty, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116143
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.