521 Sparkman AveDuluthMN55803
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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 521 Sparkman Ave, Duluth, MN, 55803 with 5% annual appreciation on a $264,900 basis while $2,640/mo rent supports operations. Total monthly income totals $2,640/mo and a $1,297/mo payment preserves $985/mo for cash returns. Annual cash flow comes to $11,825/yr on $87,814 deployed, and return on cash invested reaches 33.37% in year one. Equity gained on principal adds $1,709/yr, and five-year appreciation sums $73,187 alongside rental yield of 11.96%. Five-year ROI measures 175.14% and total cumulative return in cash totals $153,800.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,640/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55803, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,457 (100%) |
| Owner Occupied HU | 5,987 (70.8%) |
| Renter Occupied HU | 1,401 (16.6%) |
| Vacant Housing Units | 1,069 (12.6%) |
| Median Home Value | $371,529 |
| Average Home Value | $418,064 |
Housing Distribution
Address Breakdown
Residential
8,049
Single Family
7,214
Multi-Family
835
Businesses
380
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