521-523 N 3rd Ave EDuluthMN55806
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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
Investment property for sale in Duluth at 521-523 N 3rd Ave E, Duluth, MN, 55806 listed at $259,000 pairs $2,017/mo rent with a $1,268/mo payment to leave $399/mo cash flow. Total monthly income runs $2,017/mo, and annual cash flow reaches $4,792/yr on $85,859 cash to close. Return on cash invested measures 25.49% in year one, and rental yield registers 9.35% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 132.89% and total cumulative return in cash totals $114,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,017/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1915
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55806, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,097 (100%) |
| Owner Occupied HU | 1,820 (35.7%) |
| Renter Occupied HU | 2,756 (54.1%) |
| Vacant Housing Units | 521 (10.2%) |
| Median Home Value | $223,109 |
| Average Home Value | $300,330 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
3,453
Multi-Family
1,108
Businesses
260
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Nearby investment properties with comparable prices
Listed by: Rob Mansell • National Realty Guild
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117879
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.