419 7th 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 419 7th St, Cloquet, MN, 55720 uses $64,974 cash to close to unlock $9,265/yr annual cash flow and $772/mo monthly cash flow. Total monthly income runs $1,998/mo, and a $959/mo payment keeps the spread at $772/mo. Purchase price stands at $196,000, and rental yield measures 12.23% with $1,998/mo rent. Return on cash invested shows 34.17% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 179.46% and total cumulative return in cash records $116,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,998/mo property income covering a $959/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,791 sqft 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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Nearby investment properties with comparable prices
Listed by: Julie Sathers • JS Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119077
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.