523 N 1st Ave E #521DuluthMN55805
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 523 N 1st Ave E #521, Duluth, MN, 55805 in Duluth deserves attention. This $265,000 property earns $2,846/mo in rent, a 12.89% gross yield, and nets $1,192/mo after the $1,192/mo payment. DSCR 2.39 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $73,215 compounds alongside $2,441/yr in yearly equity build, for a total cumulative return of $177,223.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 5.6% |
| Monthly Cash Flow | $1,192 | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,846 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 1.84x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1896
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
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
Multi Family
Built in 1896
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