5143 Cedar Ridge DrHermantownMN55811
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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
Rental property for sale in Hermantown at 5143 Cedar Ridge Dr, Hermantown, MN, 55811 priced at $759,900 pairs $5,068/mo rent with $262/mo cash flow after a $3,719/mo payment. Total monthly income equals $5,068/mo, and annual cash flow comes to $3,148/yr on $250,007 invested. Return on cash invested is 21.32% in year one, and rental yield stands at 8% on a $759,900 basis. Equity gained on principal adds $4,904/yr, and 5% annual appreciation accumulates to $209,946 by year five. Five-year ROI measures 110.56% and total cumulative return in cash reaches $276,402. For financing, Ziffy Mortgage’s DSCR program evaluates $5,068/mo property income against a $3,719/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55811, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,344 (100%) |
| Owner Occupied HU | 7,647 (61.9%) |
| Renter Occupied HU | 3,951 (32.0%) |
| Vacant Housing Units | 746 ( 6.0%) |
| Median Home Value | $355,063 |
| Average Home Value | $393,087 |
Housing Distribution
Address Breakdown
Residential
11,971
Single Family
9,450
Multi-Family
2,521
Businesses
997
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Nearby investment properties with comparable prices
Listed by: Brenna Fahlin • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115108
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.