510 N 12th Ave EDuluthMN55805
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 510 N 12th Ave E, Duluth, MN, 55805 offers a 9.54% rental yield on a $115,200 purchase with $916/mo rent. Total monthly income registers $916/mo, and a $564/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,358/yr on $38,189 to close, and return on cash invested stands at 26.08% in year one. Equity gained on principal adds $743/yr while 5% annual appreciation supports $31,828 over five years. Portfolio math shows five-year ROI at 136.09% and total cumulative return in cash at $51,972. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $916/mo property income against a $564/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55805, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,462 (100%) |
| Owner Occupied HU | 1,391 (25.5%) |
| Renter Occupied HU | 3,554 (65.1%) |
| Vacant Housing Units | 517 ( 9.5%) |
| Median Home Value | $226,692 |
| Average Home Value | $312,390 |
Housing Distribution
Address Breakdown
Residential
4,976
Single Family
3,439
Multi-Family
1,537
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices