505 Summit AveDuluthMN55810
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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 505 Summit Ave, Duluth, MN, 55810 with 5% annual appreciation on a $119,900 basis while $953/mo rent supports operations. Total monthly income totals $953/mo and a $587/mo payment preserves $204/mo for cash returns. Annual cash flow comes to $2,450/yr on $39,747 deployed, and return on cash invested reaches 26.07% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 9.54%. Five-year ROI measures 136.1% and total cumulative return in cash totals $54,096.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $953/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55810, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,952 (100%) |
| Owner Occupied HU | 3,299 (83.5%) |
| Renter Occupied HU | 471 (11.9%) |
| Vacant Housing Units | 182 ( 4.6%) |
| Median Home Value | $323,129 |
| Average Home Value | $333,484 |
Housing Distribution
Address Breakdown
Residential
3,790
Single Family
3,551
Multi-Family
239
Businesses
190
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