5111 Wadena StDuluthMN55807
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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 5111 Wadena St, Duluth, MN, 55807 offers a 11.2% rental yield on a $159,900 purchase with $1,492/mo rent. Total monthly income registers $1,492/mo, and a $783/mo payment leaves $493/mo available for distribution. Annual cash flow reaches $5,918/yr on $53,007 to close, and return on cash invested stands at 31.07% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 162.85% and total cumulative return in cash at $86,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,492/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1891
2,613 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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